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jumanji0881

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jumanji0881

Re: jumanji0881 post# 37626

Monday, 05/30/2022 2:21:20 PM

Monday, May 30, 2022 2:21:20 PM

Post# of 37920
Pakistan On The Verge Of Inflationary Collapse - Pleads For Larger IMF Bailout
https://www.zerohedge.com/economics/pakistan-verge-inflationary-collapse-pleads-larger-imf-bailout

My Comment: Emerging Market distress is building. Pakistan has an inflation rate of 13%. Turkey is much worse. Turkey has an inflation rate of 70%. There will be major currency problems in EMs.

Excerpt:
To be sure, Pakistan is not the only country facing these conditions today, it is one of many. However, unlike many African or South American nations where the effects of inflationary collapse remain mitigated to domestic concerns, a collapse in Pakistan could have international implications.
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