Virus Response, U.S Jobs Report, China Trade Data: Eco Day
(Bloomberg) --
Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day and send you into the weekend:
- For all the pronounced angst over Trump's tariffs over the past two years, the coronavirus outbreak has taken just weeks to emerge as a potentially bigger threat to 21st century globalization than trade wars. Read the full analysis by Bloomberg's Shawn Donnan here
- Global central banks have no room to fight the crisis caused by the virus, according to Deutsche Bank AG, who have declared that “policy failure is here”
- That comes as central banks worldwide are looking beyond interest-rate cuts to combat the coronavirus; ECB watchers are split on their chief's response and here's a look at what we've learned in the past few days on the virus-stricken global economy
- Virus victims in the U.S. economy could include the Fed's fight to lift inflation and the labor market, which in Friday's payrolls report might yet escape any impact from the outbreak
- China's trade figures set for weekend release should show how much the virus has overtaken the trade war in slamming exports, Bloomberg Economics analysis shows
- Here's a look at what governments worldwide have pledged in stimulus to combat effects of the coronavirus on their economies, including a $7.8 billion U.S. package that's been sent for the president's signature
- Meanwhile the U.K. have delayed its National Infrastructure Plan, which was scheduled to be published next week
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
©2020 Bloomberg L.P.
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