Corporations behind increase in developing-world debt – report

Poorest countries have little protection against Trump’s trade wars and growth slump

An “explosion” in corporate and household debt across the developing world since the financial crisis has left some of the world’s poorest countries with little protection against Donald Trump’s trade wars and a slowdown in global growth.

The United Nations Conference on Trade and Development (Unctad) warned in its annual health check on the global economy that while governments had kept a lid on their debts, private corporations were behind a dramatic increase in developing-world debts.

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