Emerging Markets Will Get ‘Hammered’ in Downturn Eclipsing Great Recession: IHS

The recession being caused by the COVID-19 pandemic is now forecast to be deeper than that of the Great Recession of 2008-2009, according to a new report from IHS Markit. Most economies won’t return to pre-pandemic levels of output for two to three years, Nariman Behravesh, chief economist at IHS Markit, and Elisabeth Waelbroeck-Rocha, chief international…