Debt 'contagion' in Argentina and Turkey is spreading to other countries

Spencer Platt/Getty Images

• The emerging market crisis and contagion in Argentina and Turkey could be channeled to other countries, an IIF report said.
• There is now concerns over a "high” concentration of risk in Lebanon, Columbia and South Africa which could spread further through the global economy.

---

The emerging market sell off in Argentina and Turkey has already spread to Lebanon, Columbia and South Africa, an Institute of Financial Research (IIF) report has said.

“The EM sell-off has been large for Argentina and Turkey, which raises the risk of contagion to the broader EM complex… Concentration risk exists in Lebanon, Colombia and South Africa, and could be a channel for contagion to the broader EM complex,” the report said.

See the rest of the story at Business Insider

NOW WATCH: BlackRock's $1.8 trillion bond chief shares an epiphany he had that reshaped his entire economic outlook

See Also:

• Kate Spade reportedly addressed a suicide note to her daughter
• The San Francisco housing market is so dire that people are leaving in droves — here's where they're headed
• Malaysia has so much debt it launched a crowdfunding campaign — and it raised $1.8 million in 24 hours

from Business Insider https://ift.tt/2sACPBn