Jackson Hole Goes Virtual, Permanent Layoffs, SME Aid: Eco Day

(Bloomberg) -- Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policy makers will hold a virtual Jackson Hole conference this week that will look pale by comparison
• Most in NABE survey see the U.S. recession ending in the second half of this year or at some point in 2021
• The rehiring of temporarily laid-off workers will continue to bolster the U.S. labor market’s recovery in the months ahead, but Goldman Sachs Group Inc. expects almost a quarter of those layoffs to become permanent
• The U.S. released new details on the biggest coronavirus-relief initiative that show more than 98% of loans approved after July 6 were for less than $150,000 -- suggesting the program was reaching smaller businesses before it closed earlier this month
• A corner of Wisconsin emerges as America’s hottest job market -- here’s why
• Global inflation trades are back in vogue after stimulus unleashed
• If any economy can rebound from the virus hit, it’s Germany’s
  • But even there, pressure on wages will take years to pick up
  • The inflation rate in the euro-area’s largest economy plunged after the cut in sales tax kicks in
• Spanish hotel mergers expected as pandemic keeps tourists away
• The coronavirus crisis may have finally forced Japan’s government to get serious about fixing its computer systems. They’re impeding economic recovery
• As the world wavers on free trade, Africa embraces it
• Finally, here’s our preview of what to watch this week

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