IMF says #COVID19 hit to MENA worse than expected
🛢forecast contraction for the of 5.7% vs 3.3% in Apr
🛢sovereigns face $21b offshore maturity wall
🛢 #oil exporters taking most severe hit
🛢concern of rising NPLs

#bonds #forex #emergingmarkets #stocks
 https://t.co/yxj7LGhLF7