Coronavirus weighs on tourism reliant EM sovereigns

Original publish date: June 24, 2020

Inside this episode:

• David Rogovic of the Sovereigns team discusses how the global travel slump is hurting emerging market countries, particularly small island-economies with a heavy dependence on tourism revenue. 
• Barbara Mattos of the Corporates team shares insights as to how Brazilian mining giant Vale, a bellwether for the sector, is faring after coronavirus related disruption to its operations. ​​​​​​​

Related content:

1. Lack of economic diversification and fiscal space leave small, island economies vulnerable to sustained drop in tourism
2. Coronavirus outbreak halts Itabira, a credit negative for operational stability
3. Moody's Emerging Markets Focus

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