EM Facing ‘Extreme Strain’ as Virus Intensifies: Johns Hopkins’ Rebucci

The video discusses the emerging market crisis, highlighting the impact of COVID-19 on these economies, including capital outflows and health challenges. It examines the global real estate market, noting that leverage is less of an issue in emerging markets but pandemic effects can be long-lasting. The video also explores Italy's economic difficulties, exacerbated by existing debt and the need for international financial assistance, potentially from the IMF.

What impact did the global financial crisis have on Italy's economy?

What kind of support is suggested for Italy from the European Community?