- April 15, 2020
- By Daily Star
Carmen M. Reinhart- Kenneth Rogoff- As the COVID-19 virus spreads globally, economic paralysis and unemployment follow in its wake. But the economic fallout of the pandemic in most emerging and developing economies is likely to be far worse than anything we have seen in China, Europe or the United States. This is no time to expect them to meet their debt payments, either to private or official creditors.
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