"#Pakistan is grappling with one of its worst #EconomicCrises amid higher #FoodCosts and an alarming annual #inflation of nearly 30 percent while the weekly inflation last month was close to 45 percent. It is also still struggling with the aftermath of last summer’s devastating #floods, which killed more than 1,700 people and caused a staggering $30 billion in losses."
Cash-Strapped Pakistan Gets $1 Billion Loan From #China Amid #IMF Bailout Delays
https://www.ndtv.com/world-news/cash-strapped-pak-gets-1-billion-loan-from-china-amid-imf-bailout-delays-4128449
#imf #china #floods #inflation #foodcosts #economiccrises #pakistan
#Economist Joseph Stiglitz on How War, COVID & Climate Crisis Cause #EconomicCrises Around the World #Economy https://www.youtube.com/watch?v=idZO6mfqz3Q&list=PLneypbodq-jYq9a6Y8BjobC6KJOIBLCZB&index=2
#Economist #economiccrises #economy