Debt Crisis Looms for Poorest Economies Amid Global Economic Shifts

Simply Economics

The World Bank warns of a growing debt burden in the 26 poorest economies, with government debt averaging 72% of GDP and international aid at a two-decade low. Meanwhile, oil prices slide due to weak inflation data from China, raising concerns about demand. As China faces deflationary pressures, a recent poll shows that most AAPI adults believe legal immigrants significantly boost the U.S. economy. Join us for an in-depth analysis of these pressing economic issues and their implications for global stability.
Sources:
https://punchng.com/world-bank-warns-of-growing-debt-burden-in-26-poorest-economies/
https://www.investing.com/news/commodities-news/oil-prices-slide-on-weak-china-inflation-disappointing-stimulus-3660837
https://www.rttnews.com/3481105/china-needs-fiscal-boost-as-deflationary-pressures-build-capital-economics.aspx
https://www.washingtonpost.com/politics/2024/10/14/poll-aapi-kamala-harris-donald-trump-election-immigration/c1620a50-89e3-11ef-84b5-dacd642f5899_story.html
Outline:
(00:00:00) Introduction
(00:00:42) World Bank warns of growing debt burden in 26 poorest economies
(00:03:17) Oil prices slide on weak China inflation, disappointing stimulus By Investing.com
(00:05:53) China Needs Fiscal Boost As Deflationary Pressures Build: Capital Economics
(00:08:05) Most AAPI adults think legal immigrants give the US a major economic boost: AP-NORC/AAPI Data poll