DBRS Morningstar considers that most advanced economy sovereigns have adequate fiscal space to implement temporary measures to mitigate the adverse impact of Coronavirus Disease (COVID-19).
The Coronavirus Quandary: This is Going to Hurt
The response to coronavirus places governments in a difficult dilemma. Efforts to slow the spread of the virus are needed to avoid overwhelming health care systems. However, the immediate economic impact of aggressive social distancing and widespread travel restrictions cannot be fully offset in the near term,...