A silent debt crisis is engulfing developing economies with weak credit ratings – World Bank
Sources: Federal Reserve Bank of St. Louis; J.P. Morgan; Kose et al. (2021; 2022); Moodys Analytics; World Bank. A. Median values. Values through 2023Q2. B. Medians of annual average U.S. dollar bond yields minus trailing 10-year averages of nominal GDP growth in U.S. dollars. Non-investment grade sample is between 15 and 41 economies (of which, between 9…