Supply Chains’ Big Test, U.K. Retail, India Slump: Eco Day

16 Apr 2020, 04:47 PM IST

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

It’s crunch time for global supply chains as the coronavirus pandemic peaks in the U.S. and Europe, and economies worldwide scramble to trade masks and other critical items
U.K. retail sales slumped as the lockdown hammered High Street
China’s historic slump lays bare what challenges policy makers face ahead; here’s where to look in China’s data dump for signs of rebound
U.S. economic data is showing the deep hit in March and expected collapse in early April; the Federal Reserve says the economy contracted sharply as the virus swept across the country
India could see its first shrinkage since 1980 as the country’s lockdown is extended
Canada expanded its asset-buying in a bid to buffer the economy amid a sharpest-ever downturn
Australia’s labor market unexpectedly added jobsin March while unemployment edged upward