invidious “Rising rates will add to the allure of American assets, potentially making the dollar even stronger. For the governments, households and firms in the developing world that have borrowed trillions of dollars in recent years, interest and repayment costs will climb in terms of local currency. If fears about their debts lead to more outflows of capital, central banks in the weakest countries will face an invidious choice between letting their currencies plummet and ratcheting up interest rates to defend them. The former will only aggravate the burden of their foreign-debt load; the latter will stifle growth.” 1 How to understand the meaning of" invidious" here