Can Pakistan End Its Addiction to Debt?
In Pakistan’s Endless Economic Crisis, Bloomberg Originals explores the country’s teetering economy and how it might emerge from perpetual crisis.
Pakistan’s government spending, political instability and seeming addiction to debt have helped push the South Asian nation’s economy to the brink of ruin. Earlier this year, Pakistan was on the verge of default before it secured yet another lifeline from the International Monetary Fund. With the added pressures of catastrophic flooding and a future that promises more climate-related disasters, a bad situation has been getting steadily worse.
In this Bloomberg Originals shorts video, Pakistan’s Endless Economic Crisis, we explore the current state of the nation’s economy, and whether there is a way up and out from its increasingly dire spiral.