Russia's governors seem set up to fail on COVID-19

The Kremlin is reluctant to take ownership of the crisis and risks being overtaken by events if regions cannot cope

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US Congress scrambles to help smaller virus-hit firms

Congress is trying to agree top-up money for smaller firms, and a fourth COVID-19 aid bill

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The impact of the pandemic on tourism and other economic activities threatens a deep recession in the region

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A state of emergency has been declared until March next year to combat the COVID-19 outbreak

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The impact of COVID-19 could push Macron towards a more left-wing economic agenda in the coming years

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An effective lockdown has set back protests but made economic challenges even more intractable

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Further pressure on the lira could add to economic difficulties, particularly managing twin public and external deficits

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An incomplete Eurogroup agreement and negative political reaction in Italy are alarming investors

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A new government had articulated plans to turn the economy around just as the coronavirus pandemic struck

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Social unrest was already expected to see GDP shrink in 2020; COVID-19 all but guarantees a substantial decline

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