The data is full of devastation, but is also showing the emergence of redemption. Retail sales fell -16.4% m/m in April, weekly jobless claims continue to be an important source of fresh information, and more. Read Dan North's blog.
The April employment report showed wide-spread devastation, even if it was slightly better than expectations. The Canadian economy lost 2 million jobs in April after having lost 1 million the previous month. However the 2 million job loss was much better than expectations of 4 million.
Dan North provides commentary on another huge week for economic developments. Of course, most of it is grim—but not all of it! There is hope that the economy can rebound quickly in the post covid19 world.
Regardez la présentation d'Alexis Garatti, responsable de la recherche économique chez Euler Hermes, qui parle de l'impact de la COVID-19 sur l'économie mondiale.
Seulement disponible en anglais.
Our proprietary Trade Momentum Index shows that Q2 is likely to see an even stronger contraction.
In response to the Covid-19 crisis, gross financing needs could amount to EUR800-900bn for the Eurozone, and only part of it will be covered by the issuance of long-term bonds.
This first attempt at a transfer union may make net payouts look small for, say Italy, but symbols do matter.