Lat Am lacking fiscal capacity as bonds take more pain
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Emerging MarketsEM LatAm

Lat Am lacking fiscal capacity as bonds take more pain

Mexico, metro, underground, train, crowded, people, LatAm, transport, 575

Latin American governments looking to shore up their economies in the fact of the coronavirus pandemic generally have less room for fiscal stimulus than they did before the 2008 financial crisis, warned Fitch Ratings on Wednesday as the region’s bond markets plunged even further.

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