MEXICO CITY—After slamming developed economies in Asia, Europe and North America, the coronavirus pandemic is coming for economies across the developing world.
Economic output in emerging markets is forecast to fall 1.5% this year, the first decline since reliable records began in 1951, according to research firm Capital Economics. In Mexico, the U.S.’s largest trading partner, the economy could contract by up to 8%, its steepest decline since the Great Depression, Bank of America Corp. has estimated.
we don't need to have foreign slave labor produce goods. put tariffs on these countries we DON'T want more of these viruses
Grandparents will die for the Dow. Dimwit investors and algorithms have taken over. Dowis extremely overvalued. Facts don’t matter.
BreakingNews :- TIGER DIAGNOSED WITH THE coronavirus VIRUSE at BronxZoo in NewYork..
Industrialized nations Thailand, Mexico. get real
It looms for us as well.
RGAMeyer You forgot to add 'no more foreign trips for Nigeria's travel freak President'...
Stop telling lies to cover for your friends. The world financial crash started well before C19 and was inevitable. The banks and financial system continued with their greed and malpractices after 2008 and have created this world depression. Banks and the financial system =enemy
The whole world is affected by this. So the world economy will take a while to get going again.
This is an all country recession Similar situations is also happening in developed countries Just that recovery period might be very hard and longer for developing countries
Why are they still developing nations after all these years and will still be developing nations 40 years from now?
ChineseVirus
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Emerging-market lockdowns match rich-world ones. The handouts do notMalaysia has announced a relief package with a face value of over 16% of GDP. Not many other emerging economies can enact anything similar Malaysia announces $58 billion stimulus package to cushion impact of coronavirus . The price of oil has come down considerably! Malaysia is in for a surprise. No other emerging economy has oil money!
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Five Books For Today’s Uncertain Market — Investing, Career, And MoreAs a longtime recruiter and now career coach, I share career tips from the employer’s perspective. My specialty is career change -- how to make a great living doing work that you love. My latest career adventures include running Costa Rica FIRE, SixFigureStart and FBC Films. I am the author of Jump Ship: 10 Steps To Starting A New Career and have coached professionals from Amazon, Goldman Sachs, Google, McKinsey, Tesla, and other leading firms. I teach at Columbia University and created the online courses, 'Making FIRE Possible' and 'Behind The Scenes In The Hiring Process'. I have appeared as a guest career expert on CNN, CNBC, CBS, FOX Business and other media outlets. In addition to Forbes, I formerly wrote for Money, CNBC and Portfolio.
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Money-market funds feel stimulus ripple effectSome Fidelity funds turned away investors for fear that yields on the products could turn negative. It’s not the same as a dreaded breaking-the-buck moment, but is still a headache. Massive issuance of new Treasuries should help, but it’s another case of unintended consequences.
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Here's what happened to the stock market on FridayMounting worries over the coronavirus and a dismal jobs report pressured equities to end the week.
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