RIO DE JANEIRO, BRAZIL - Driven by the power of the Chinese economy in the 2009 crisis, most emerging countries will not be able to escape the recession this time in the pandemic.
While in the financial crisis, 38 percent of these economies saw their Gross Domestic Product (GDP) decline, in 2020 it should reach 75 percent, according to a survey by the Brazilian Institute of Economics (Ibre/FGV) based on data from the International Monetary Fund (IMF).
Eleven years ago, with China's thrust, the emerging economies together managed to achieve a 2.8 percent increase in GDP. However, for . . .