FILE PHOTO: People walk at a popular shopping street amid the coronavirus disease (COVID-19) outbreak, in Rio de Janeiro, Brazil, August 11, 2020. REUTERS/Ricardo Moraes
KUALA LUMPUR: Moody’s Investor Service expects emerging markets’ (EM) EM debt burdens will remain higher than pre-pandemic levels for some time, while debt affordability will deteriorate for the weakest sovereigns.
In its report issued on Wednesday it expected government debt in the EM19 to rise by almost 10 percentage points of GDP on average by the end of 2021 from 2019 levels.
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