There are many types of economic activity for which coronavirus-related workarounds have been found. International tourism isn’t one of them. That is bad news for jet-setters but potentially disastrous for a handful of emerging-market economies. Tourism is an export sector and a major source of foreign income for some, which can act as a buffer against financial shocks. Among those most at risk, Turkey—already in bad shape before the pandemic—looks particularly vulnerable.

Source: Wall Street Journal August 10, 2020 10:39 UTC