Emerging-Market Economies Brace for Coronavirus Hit

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Grounded planes in Brazil. Empty beach resorts in Thailand and Jamaica. Shuttered cinemas in Mexico. Coronavirus recessions loom for developing nations.

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.

 

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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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