CAPE TOWN - Some countries are flourishing while others are battered in debt and hyperinflation.
Using the United Nations' World Situation and Economic Perspectives report as a guide, we reveal the countries that could well go broke in 2018, reports Love Money.
Oil-rich Equatorial Guinea is struggling to adapt to the lower price of oil. Oil and gas is central to the country’s growth. Low prices have affected the local industry which has also been trapped in recession since 2013.
The Central African country's public debt also increased.
In 2016 Equatorial Guinea public debt was $3 911 million. It has increased $488 million since 2015.
The West African state also faced several attempted coups.
The latest attempted coup took place late last month with approximately 30 armed men from Chad, Cameroon and the Central African Republic.