ECB and Virus, G-20 Redux, China Urges Return to Work: Eco Day

(Bloomberg) --

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

• European Central Bank officials are calling on governments to open the fiscal spigots in efforts to trim the coronavirus outbreak’s impact on economic growth
• Even in a world where more than a decade of ultra-low interest rates has largely failed to ignite inflation, there’s still room for a surprise -- as one Hungarian central banker has found
• South African Finance Minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt
• Virus worries and climate threats dominated the gathering of Group of 20 leaders in Riyadh, while globalization came under fire and there was more debate on how to coordinate globally on tax policy
• Chinese officials announced Monday that they were allowing non-local residents to leave Wuhan as the deadly virus spread further; here’s a virus update
• A deputy at China’s central bank still sees a ‘V-shaped’ recovery, and Chinese factories were urged to bring employees back to their floors; here’s the Bloomberg Economics take on how much China has returned to work
• The Bank of Korea convened an emergency meeting Monday to discuss the virus impact amid a surge in confirmed cases there; Bank of Japan’s chief says the central bank is prepared to act
• U.S. President Donald Trump’s visit to India Monday is expected to draw massive crowds though with little progress on the bilateral trade relationship

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Tuhin Kar

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