U.K. Popcorn, Great Lockdown Recession, Guyana’s Glut: Eco Day

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

• The International Monetary Fund projects the Great Lockdown Recession will be the worst since the Depression era, and urged policy makers to ramp up fiscal stimulus
• The world economy is getting a glimpse of the virtual future as work-from-home becomes routine
• European leaders are sketching out strategies for reactivating economies battered by the pandemic
• The U.K. economy faces a short, sharp shock if its coronavirus lockdown lasts. Meanwhile, a U.K. gourmet popcorn manufacturer can attest to why few small businesses are getting the financial aid the government is advertising
• Those worst-case fears of 20%-plus joblessness in the U.S.? They’re now realistic
• As Stephen Poloz goes into his penultimate policy decision as Bank of Canada governor, economists are trying to gauge how much of a buying mood he’s in
• Guyana is an unlikely bright spot amid a dismal world economy, set to grow 53% as it prepares to tap massive offshore oil fields
• The plight of oil could help send Japan’s inflation into negative territory in April
• China might be in for more monetary easing after the central bank cut the market rate, according to Bloomberg Economics analysis

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