Pakistan investors are bracing for a sudden jolt as former premier Imran Khan's showdown with the powerful military, and the government, reaches a tipping point.
The Pakistani rupee is expected to fall by another 20%, according to some economists, who are raising alarms about a catastrophic plunge. Bond managers are facing the possibility of a sovereign default as a result of the heightened tensions following Imran Khan s detention last week, which may make the $6.7 billion rescue offered by the International Monetary Fund (IMF) even more improbable
With average consumer-price increases easing for two successive quarters from an 11-year high, more developing nations are seeing their inflation-adjusted rates turn positive and widen their gap over developed countries.