How the World is Defaulting on its debt | Akshat Shrivastava

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A common scenario that is playing out these days:

Almost every other country is defaulting on its loan – Greece did in 2015; Lebanon, Argentina in 2020, and recently Sri Lanka and Russia defaulted.

Why is this happening? And what is going to be the impact of all this?

Watch this video to get the answers and plan for your future better 🙂

0:00 Intro
01:29 Type of debts
09:24 Sri Lanka & Russia defaulting
11:50 Other countries’ situations
12:44 Why should you care?
13:38 What the world needs to do
14:33 What you should be doing
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Attributions:
Stock videos from Pixabay and Pexels
Logos: Wikipedia Commons

Video Editing: Harshvardhan Singh Parihar
Thumbnail: Ayushman Khare