Generally, many emerging markets don't have the capacity to effectively contain the outbreak while limiting the economic hit on businesses and households, said Robert Kahn, director of global strategy and global macro at Eurasia Group.
to support businesses and households during the pandemic. But that's not a move that many developing economies can follow, he said.
In that scenario, there would be a "considerable deceleration" of new cases in key countries by late May with most transmission dying out by September, the analysts wrote. That would allow countries to lift the bulk of restrictions in mid to late May and the global economy recovers strongly, according to the report.
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