Bangkok Post (September 2)
“Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over.” Lebanon, Sri Lanka and some other countries have already teetered. “As of the end of March, 38 of 69 low-income countries were either already in or at high risk of debt distress. Middle-income developing countries’ debt-service burden is at its highest level in 30 years.”
Tags: COVID-19, Debt crisis, Developing countries, Distress, Energy costs, Food, High-risk, Lebanon, Low income, Major economies, Middle-income, Monetary tightening, Pandemic, Soaring, Sri Lanka, Teetering, Threatening
USA Today (July 8)
“Even before the pandemic, which largely confined most Americans to their homes for months, communities that lacked reliable high-speed internet began falling behind those that were well-connected. The pandemic exacerbated the nation’s ‘digital divide’ – and those who suffered most were in low-income areas.”
Tags: Communities, Confined, Digital divide, Exacerbated, High-speed internet, Homes, Low income, Pandemic, Reliable, Well-connected
