Greetings,
United States: Here is a comparison of the potential GDP trajectory vs. the previous recession.
Eurozone: German industrial production is expected to deteriorate, but not all sectors will be severely impacted.
China: The PBoC has been lowering policy rates.
And the market expects further cuts. Here is the 2-year swap rate.
Global Developments: Central bank balance sheets are expanding at a rapid pace.
Food for Thought: Social distancing by income category:
Edited by Daniel Moskovits
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