U.S. Recovery, No-Deal Brexit Risk, German Stimulus: Eco Day

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

• The U.S. economy is slowly coming back to life as restrictions on businesses loosen in all 50 states, but the economic fallout of the coronavirus pandemic is far from over
• If there’s any certainty in an uncertain world economy right now, it’s that the crisis is shaking up the way global businesses think about their supply chains
• Germany’s Angela Merkel is lining up as much as 100 billion euros ($112 billion) in a second package of stimulus to spur economic recovery
• The virus recession has prompted a record wave of rate cuts by emerging market central banks, and a number are also venturing into quantitative easing. Bloomberg Economics’ Ziad Daoud writes what’s at stake as emerging markets buy assets
• Chances are growing that the U.K. will end the post-Brexit transition period at year’s end without a free-trade deal, adding risk of further turmoil in the Covid-ravaged economy
• In a rush to reinvent economic and fiscal policy for the post-pandemic world, France is vowing to not repeat history: no tax increases this time, Finance Minister Bruno Le Maire says.

©2020 Bloomberg L.P.