Covid-19: Emerging Markets Like India Face Limited Policy Space, Stagnant Growth Risks, Says IIF
Migrant workers and their families sit in the back of a truck traveling along National Highway 24 during a lockdown imposed due to the coronavirus on the outskirts of Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)  

Covid-19: Emerging Markets Like India Face Limited Policy Space, Stagnant Growth Risks, Says IIF

The U.S. enjoys an “exorbitant privilege” that gives it room to undertake very large stimulus measures. But for several emerging markets, such as India, depreciating currencies and rising bond yiel...
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