The world economy under COVID-19: Can emerging market economies keep the engine running?
(World News Brazil)

COVID-19 has severely disrupted our lives and economies. After coronavirus first spread from China to other East Asian economies and then crossed over to Europe and the United States, emerging market economies (EMEs) in Latin America and South Asia became the pandemic`s new epicentre. This article reviews the recent economic developments in EMEs, their vulnerabilities, policy responses, and near-term prospects. The focus is on those EMEs that have been systemically important for the world and/or euro area economy: China, India, Brazil, Russia and Turkey. A decade ago, EMEs succeeded in weathering the global financial crisis (GFC) rather well and were driving the subsequent global recovery....