Natural Disasters And Inflation Hit Türkish Tourism

Türkiye has long been a popular place for tourists, famous for its sun, sea, and beaches. But recently, fewer people are visiting. One reason is that wildfires have burned large parts of the Mediterranean and Aegean coasts for several years in a row. These areas are very important for holiday resorts, and fires make tourists [...]

Laos’ Deepening Debt Crisis

Laos is facing a serious debt crisis in 2025. For many years, the government borrowed a lot of money, mostly from China, to build big dams along the Mekong River. The plan was to sell electricity to other countries and make Laos the “battery of Southeast Asia.” But the income from these dams has been [...]

Cheap Tire Shoes Help South Sudanese Cope With Crisis

In South Sudan, many people are struggling because the economy is very bad. The government can’t pay workers on time, and prices for food and goods keep rising. Because of this, more people are buying cheap shoes made from old tires. Shoemaker Emmanuel Achuil makes these shoes in the town of Wau. He carves soles [...]

Indonesia’s Rupiah Hits Record Lows Amid Economic And Political Uncertainty

Indonesia's rupiah has hit record lows against the US dollar, echoing the 1997-98 Asian financial crisis. The currency's decline, which began before President Prabowo Subianto's October inauguration, has worsened by about 8% due to political and economic uncertainties in the country. Prabowo's controversial policies, such as weakening central bank independence and restricting foreign companies, have [...]

Laos Faces Economic Crisis Amidst Soaring Inflation And Debt To China

Laos is facing a severe economic crisis, with inflation reaching 31% in 2024, the highest in Asia. The inflation surge is largely due to a weakening kip currency and massive debt, primarily owed to China, for large infrastructure projects like hydropower dams and a high-speed rail line. The country’s debt stands at 108% of its [...]

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