ADVERTISEMENT
Fed Testimony, Ghost Towns, Europe’s Tourists: Eco Day
Fed Testimony, Ghost Towns, Europe’s Tourists: Eco Day
15 Jun 2020, 04:57 PM IST
(Bloomberg) -- Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:
(Bloomberg) -- Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:
- Federal Reserve Chairman Jerome Powell will deliver a cautionary message about the U.S. economy and Covid-19 when he appears twice this week on Capitol Hill
- One-third of U.S. job losses are at risk of becoming permanent
- College towns in the U.S. fear that Covid-19 will leave them as ghost towns if students don’t return to campuses in the fall
- The fragile recovery in China’s economy is pointing to a long road back for the rest of the world too, with few signs that a V-shaped rebound will be possible amid weak consumer demand
- The global economy is in a new expansion cycle and output will return to pre-coronavirus crisis levels by the fourth quarter, according to Morgan Stanley economists
- High-frequency and alternative indicators paint a picture of the global economy that is less bleak than it was a few weeks ago, according to Bloomberg Economics research
- Chile’s government reached a deal with opposition lawmakers for a $12 billion stimulus package over the weekend as infections hit a record
- As Germany and a raft of other European countries ease travel restrictions from Monday, an immediate form of aid for the region’s most vulnerable economies may come in the shape of tourists
- Retail outlets in England selling non-essential items are opening Monday for the first time since March. Getting people back into stores is crucial for the economy
- The Bank of Japan is expected to leave its main policy levers untouched Tuesday as it assesses a raft of measures already taken. The Bank of England, which updates policy Thursday, is seen boosting bond-buying, rather than venturing into the controversial realm of negative interest rates
- Finally, here’s our preview of what to watch this week
©2020 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT