Lagarde Gears Up, Europe’s Long Slog, Inflation Return: Eco Day

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

  • In the middle of a spat between Europe’s top courts over the limits of ECB monetary stimulus, President Christine Lagarde is probably preparing to do even more
  • As European governments begin easing lockdowns, local businesses face a tough slog ahead -- particularly while the pandemic remains a threat to public health
  • Boris Johnson will flesh out his plan for lifting the U.K. lockdown in Parliament as he seeks to get more people back to work, amid resistance from politicians and labor unions
  • The coronavirus crisis is likely to bring an end to a 30-year run of disinflationary forces and herald the return of accelerating inflationary pressures, Morgan Stanley says
  • The moments when Germany and the U.K. each precipitated into an economic freefall will be revealed this week in GDP data giving an initial glimpse of the carnage to come
  • The Swiss National Bank intensified its foreign exchange interventions and can cut interest rates further, Swiss newspapers cited President Thomas Jordan as saying
  • Millions of virus-idled American workers are Jerome Powell’s biggest worry. His biggest challenge is how to ease their plight with monetary policy
  • The People’s Bank of China said the country faces unprecedented economic challenges from the pandemic, and pledged “more powerful” policies to counter the hit to growth
  • As India begins gradually easing stay-at-home restrictions, reopening the economy isn’t going to be a straightforward exercise after millions fled to their rural homes
  • The pandemic will hammer South Korea’s exports more than the global financial crisis did, prompting a major rethink of global supply chains
  • President Donald Trump’s top economic advisers argued that a “safe” reopening of the U.S. is urgently needed as they stare down the worst job numbers since the Great Depression

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