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In 2008, falling markets caused a vicious circle of debt defaults and fire sales by investors, pushing asset prices down even further.
In South and Central America, the Caribbean and South Asia, millions of people "are tied to their work through a vicious circle of debt," the report said.
Taking out payday loans can lead to a vicious circle of debt, a former user of the financing service has said.
It is, indeed, a recipe for a vicious circle of debt and depression: as spending is cut to pay debt, the economy and (therefore) tax revenues will shrink, which would then increase debt and deficit, and call for more spending cuts!
According to a recent report published by the Environmental Investigation Agency [4], with the concessions in function for several years now, it is still commonplace in Loreto that urban timber merchants equip small-scale extractors by advance payments which frequently feed a circle of debt and impoverishment.
Debt Relief and Financing for Development If we are to achieve our goals of improved education and better health, we must build a virtuous circle of debt relief, poverty reduction and sustainable development.
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In the foreseeable future of stagnation or low growth, that could plunge the country back into recession and in a vicious circle of debt-deflation, with potentially disastrous consequences for growth, employment and social cohesion.
The lenders – who generally give out small loans with extremely high interest rates –have been accused of entrapping people in circles of debt.
The vicious circle of rising debt and falling growth is made worse because those countries drowning in debt on the periphery of the euro zone are also the ones that have dragged their feet on freeing up their product and labor markets or modernizing their education systems.
On the eve of the revolution, France was caught in a vicious circle of public debt.
They also warned that current conditions were reminiscent of 2008, with the eurozone economy in a vicious circle of state debt and a banking crisis, with political uncertainties unsettling markets.
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CEO of Professional Science Editing for Scientists @ prosciediting.com