More Aid Coming, Uneven Reopening, Mexican Austerity: Eco Day

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

• The Trump administration has doled out roughly $881 billion from the major components of the pandemic relief package signed into law one month ago, and soon will have a half trillion dollars more to shovel into the economy
  • There’s growing resentment that big firms in the U.S. are swallowing the funds designed for the little guys
  • A patchwork approach to reopening states reveals a red-blue divide
  • Georgia is reopening for business more aggressively than any state in the U.S., after being one of the last to order a statewide shutdown
• Mexico bucks the trend of spending big to combat the hit from the coronavirus as president Andres Manuel Lopez Obrador sticks to election pledges
• The ECB’s crisis response may not be enough and economists surveyed by Bloomberg expect more will come with the economy in freefall
  • Bloomberg Economics sees the ECB under pressure to act immediately
• German business confidence joins other measures in hitting a record low as lockdowns continue
• The quickest route to a safe economic reboot may require releasing the young from confinement first, some economists say
• Lebanon’s currency peg, an anchor of financial and social stability for more than two decades, is crumbling and attempts to stabilize the exchange rate are adding to the chaos
• Pressure is mounting for Russia’s usually conservative central bank to start slashing interest rates in line with global peers
• Specter of deflation looms in Japan

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