Problem

High interest rates

Other Names:
Exorbitant interest rates
Structural usury
Prohibitive cost of money
Exorbitant debt interest
Deepening debt cycle
Nature:

Relatively high interest rates slows borrowing, stagnates business and creates hardships on individual borrowers. Economic policies in the industrial countries determine interest rates worldwide.

Incidence:

High real interest rates are adding significantly to structural budget deficits in both developed and developing countries.

 

Related UN Sustainable Development Goals:
GOAL 9: Industry, Innovation and InfrastructureGOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and Production
Problem Type:
F: Fuzzy exceptional problems
Date of last update
20.07.2020 – 07:36 CEST