U.S. Slump, Italy’s Debt Problem, G20 Supply Lines: Eco Day

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

• As the coronavirus rages, Italy’s strategy is once again built on piling up debt
  • It’s also considering prolonging lockdowns to battle the spread
• Goldman Sachs expects the U.S. economy to experience a far deeper slump than previously anticipated
• The U.S. Treasury wants airlines to propose up-front how the federal government could retain financial stakes in exchange for a share of $61 billion in coronavirus aid
• There’s been a rebound in China’s manufacturing sector, and the government is trying to boost consumption by getting people out to shop
• Group of 20 trade chiefs pledged to try to keep supply chains open as the world fights to contain the pandemic
  • In the U.K., people are responding to food supply concerns by growing their own vegetables
• Stressed dollar-funding markets are beginning to ease everywhere
• Brazil’s President Jair Bolsonaro is emphasizing the economy over quarantines

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