Pakistan was on the verge of default
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.
Millions are falling into poverty while young Pakistanis try and flee to Europe.
Meanwhile the government, long controlled by the military, is facing growing political polarization and a rise in terrorist attacks.
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