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Podcast: Moody's Talks - Emerging Markets Decoded
Episode: Coronavirus weighs on tourism reliant EM sovereigns
Description: Original publish date: June 24, 2020Inside this episode:David Rogovic of the Sovereigns team discusses how the global travel slump is hurting emerging market countries, particularly small island-economies with a heavy dependence on tourism revenue. Barbara Mattos of the Corporates team shares insights as to how Brazilian mining giant Vale, a bellwether for the sector, is faring after coronavirus related disruption to its operations. Related content:Lack of economic diversification and fiscal space leave small, island economies vulnerable to sustained drop in tourismCoronavirus outbreak halts Itabira, a credit negative for operational stabilityMoody's Emerging Markets Focus