A report from Moody’s found that Stalled negotiations on raising the debt ceiling was one of numerous economic problems in the US that would cause emerging markets to suffer. The credit agency said “any consequences of the debt-ceiling impasse” would contribute to weakening credit conditions in emerging economies.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Rupee puts major dent in dollar

Rupee on Thursday turned tables on the US dollar, strengthening by over…

German Economy to Shrink 5.4% in 2020: Think-Tanks

Frankfurt am Main, Oct 14 (AFP/APP): Germany’s economy will shrink more than…

Prices of life-saving drugs hiked

In a major blow to the inflation-hit people of the country, the…

Remittances decline by 19pc in December

The State Bank of Pakistan (SBP) said on Friday that remittances for…