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ING: Back to the 80s? What soaring inflation, US rate hikes and a stronger dollar mean for EM sovereign debt

James Wilson sovereign EM strategist at ING September 11, 2022

Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.

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