I don’t know why the world still believes their data https://t.co/bABoG3JkXP
— Alessio (@AlessioTMAD) March 19, 2020
For people just entering lockdown in North America, Europe, Australia, the UK and elsewhere, after 5-6 weeks of self-quarantine in Beijing we are finally starting to emerge. The buses in Beijing are as empty as ever but traffic – cars, bicycles, foot and motorbikes – are… pic.twitter.com/gTFXqS1KIS
— Michael Pettis (@michaelxpettis) March 19, 2020
A terrifying "sudden stop" in capital flows is happening across emerging markets. The kind of devaluations happening now are historically associated with 7-10 percentage point drops in GDP, so the growth cost to EM from what's going is unfortunately immense. pic.twitter.com/YqIeIYTBdc
— Robin Brooks (@robin_j_brooks) March 19, 2020