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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    An Arab economy .. Six countries approaching bankruptcy in 2018

    Rocky
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    • Post n°1

    An Arab economy .. Six countries approaching bankruptcy in 2018 Empty An Arab economy .. Six countries approaching bankruptcy in 2018

    Post by Rocky Sun 01 Apr 2018, 9:03 am

    [size=32]
    An Arab economy .. Six countries approaching bankruptcy in 2018[/size]
    An Arab economy .. Six countries approaching bankruptcy in 2018 1014457586

     Twilight News    

     22 minutes ago



    The economic report of six countries across the world facing severe economic crises, starting with a large rise in inflation levels and ending with the worsening debt and high loan rates. 
    A report issued by the United Nations on the global economic outlook that the countries of Equatorial Guinea, Haiti, Zimbabwe, Mozambique, South Sudan and Yemen, all waiting for bankruptcy this year. 
    In Equatorial Guinea, low oil and gas prices have hurt local industry in mainly oil-dependent Guinea and its impact on the country's recessionary economy since 2012. 
    State debt has risen sharply and public debt has reached about $ 4 billion In 2016, an increase of $ 488 million over the year 2015.
    Haiti, according to the report, has been hit by natural disasters in recent years, the latest of which was Hurricane Irma and Maria, which has affected the economy of the country, which is facing a number of threats, including political instability and the absence of a stable government. 
    Haiti's public debt is about $ 3 billion in 2016, an increase of $ 153 million since 2015. 
    Zimbabwe has been in a state of chaos after the resignation of President Robert Mugabe, who held office for nearly four decades, leading to the collapse of infrastructure and turning 95 percent of the workforce to Unemployed, in addition to a significant shortage of food and cash. 
    Most of the state's problems are due to the Mugabe policy, which supports the seizure of white farmers' land, leading to lower agricultural production, export revenues and tax revenues.
    Mozambique is in debt because of high inflation. In January 2017, the country saw an inflation rate of 23.67 percent. 
    The country's economy will grow by 4 percent and the public debt ratio of GDP will fall from 128.1 percent to 111.7 percent by 2020. 
    The country is suffering from a major economic crisis, according to Standard & Poor's Ratings . Which led to famine throughout the state. 
    South Sudan's public debt has reached about $ 1 billion in 2016, down by $ 7 billion since 2015. 
    The civil war that began in Yemen since 2015 has destroyed the country's economy. The public debt to GDP ratio is 85.4 percent in 2016 .



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