The Countries Most Likely To Default
Ecuador
During 2000, Ecuador's economy suffered from a banking crisis, with Gross Domestic Product contracting rapidly and poverty increasing significantly.
Although Ecuador marked 30 years of civilian governance in 2004, the years were marred by political instability and rising corruption. In late 2008, voters approved a new constitution, Ecuador's 20th since gaining independence.
Faced with a 2013 trade deficit in billions, Ecuador erected technical barriers to trade in December 2013, which caused tensions with its largest trading partners. The country also decriminalized intellectual property rights violations in February 2014.
According to figures from the International Monetary Fund, Ecuador’s economic growth has been relatively healthy in recent years—GDP grew and is predicted to grow again in 2014.
Egypt
Egypt’s river Nile and rich natural spread from the east to the west developed the country into one of the world’s great civilizations. Looking at Egypt in the current scenario, the emerging political tragedy and the riots is a major concern and the country has been relatively doomed.
Investors and tourists are hesitant to invest in the beautiful country charred with conflicts.
Many wealthy citizens OF Egypt chose to move out of the country, thus causing huge losses. Egyptian President Abdel Fattah el-Sisi was all in praise for his commitment to reduce the government’s budget deficit in the current fiscal year starting on July 1, 2014.
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