Listen On:

Moody's Talks - Emerging Markets Decoded

Episode 7
June 24, 2020

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