Lack of Tourism is a Punch to the Gut for Emerging Markets
August 11, 2020 at 13:29 PM EDT
Covid-19 itself is wreaking havoc on emerging markets (EM) economies trying to fight the pandemic itself, but a lot of EM countries are taking a revenue punch to the gut with a lack of tourism. “That is bad news for jet-setters but potentially disastrous for a handful of emerging-market economies,”...