It said that emerging-market and developing economies (EMDEs) had pushed their borrowing to a record US$55 trillion in 2018. EMERGING ECONOMIESUnlike the richer nations already mentioned, the 100 EMDEs across Africa, Asia and South America covered by the report were affected by rising private-sector debt coupled with higher government borrowing. BRITISH SITUATIONBritain’s main market in shares has struggled to make any headway over the past three years while Brexit uncertainty dominated. Some analysts have argued that the IMF and World Bank are over-cooking their analysis after missing the last financial crash — seeing danger around every corner. After three rate cuts last year, the US economy starts this year with the base rate back to between 1.5 percent and 1.75 percent.
