Spiking Inflation, Rate Hikes, and Debt Defaults in Latin America
by Wolf Richter, Wolf Street: Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don’t want to see it again. Latin America will soon be hit by a wave of business bankruptcies and defaults, according to Jesús Urdangaray López, the CEO of CESCE, Spain’s biggest provider of export finance and insurance. CESCE insures […]
Source: https://www.sgtreport.com/2021/05/spiking-inflation-rate-hikes-and-debt-defaults-in-latin-america/
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