Coronavirus economic impact to be worst in India, Brazil, South Africa - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

India, Brazil, and South Africa will face the 'harshest' economic impact from the coronavirus in major nations as they're corrupt and badly run, a report says

, the International Monetary Fund predicted that emerging market economies will shrink by 3.2% in 2020 — the largest decline for this group on record.

Smaller G20 members will see their recoveries hampered by weak institutions and corrupt governance, it highlighted. Disruptions from civil unrest pose the biggest roadblock to their recovery, the report added. "Corrupt, ineffective and unstable governments will be limited in their ability to direct funding to where it is most needed, failing to revive the economy even after the immediate crisis is dealt with," the report noted.

The consultancy found that India and Indonesia fall under an alarming high-risk category when it comes to connectivity — a measure of the physical distance between populations and the availability of digital infrastructure that indicates the speed of worker and consumer activity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Apostaram errado no PauIoGuedes

pbusharizi The Most corrupt COUNTRY on Earth is the USA and is doing pretty well printing money. Renminbi is STALKING the US DOLLAR !

SdilliRtf Nonsense..India is not corrupt..India will be stronger

Advaidism All the three got their due for being the member countries of BRICS. Two of them managed to save themselves from the onslought of '$'+ so called western democracies Any doubt ?

I as a Indian highly oppose the words used for my country, 'corrupt' and 'badly run', we have the best government who has contained the pandemic in a much better way than the most rich and developed countries.

Really? How can you be this incredibly obviously trying to depict Bolsonaro as mediocre? How leftist can a media be? It is sad and pathetic this article from the presentation on

Come on,they're less corrupt that the western authors of corruption .No one can be more Catholic than the Pope. Who can be more corrupt than Richard Cheney and his Halliburton... Fauci,CDC and the Gates Foundation....? Get off your high horses you brainless stenographers.

also turkey...

'They are', not 'They're'. You don't want to use a contraction there as it relates the wrong intent to the reader.

You forgot to include the USA

Fake news

And also NigeriaGov

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Britney Spears' conservatorship and the #FreeBritney movement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It sounds like her parents are living large off her misery and have her locked up to keep her from emancipating her wealth from them 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »

Take a look inside a historic Missouri house with nine jail cells - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This would be a great house for those in the family that refuse to quarantine. 🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »

Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Source: BusinessInsider - 🏆 729. / 51 Read more »