If last week's preliminary data flashes are anything to go by, the global economy is en route to a recession.
Municipal officials carry out disinfection works as a precaution against the coronavirus at historical mosques and churches in Mardin, Turkey on March 13, 2020.Coronavirus has stopped both the medical and economic worlds in their tracks.
The longer term impact of course will be determined by the duration of the lockdowns and how businesses navigate these times. But what about emerging markets? The risk here is twofold: First is one of a country's health-care ability and the second is the financial capability to deal with economic shocks of this magnitude.
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