Emerging Market Crisis Is Looming

  • After having hit much of Asia, a second wave of the coronavirus outbreak is hitting the EU and the US, with a slump in world economic growth as a result.
  • This is the backdrop for many emerging markets which are about to be hit by the pandemic.
  • They are much less well equipped to deal with this, and given the already negative background, the consequences are likely to be large.

Source: Emerging Market Crisis Is Looming | Seeking Alpha