Today's Economy Europe Daily Briefing: Bracing for the Worst February's trade data were better than expected, but the prospects aren't good. Asia-Pacific Daily Briefing: Japan's Exports Sank Further in March China's economy has a long road back, so monetary and fiscal support is still warranted. Expectations of Normalization Send Stocks Higher The rebound depends on effective policy actions and normal business activity. Economic Roundup: We're Going to Need a Bigger Boat More support for small businesses and state/local governments is needed quickly. » VIEW MORE TODAY'S ECONOMY
Commentary Oil Goes Negative The American economy must reopen for oil prices to find a bottom. U.S. Weekly Highlights and Preview, April 20, 2020 Key data will be initial claims, existing- and new-home sales, and durable goods orders. U.S. Chartbook: COVID-19 Aftershock With most of the country in some form of lockdown, the impacts of shuttered businesses are rattling the economy. This Week in the COVID Crisis The apex of the economic blow from the coronavirus in the U.S. is occurring now. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global GDP 2019Q4: 1.7% The global economy headed into this year losing momentum, and then COVID-19 delivered a knockout blow to the expansion. Euro Zone External Trade Feb. 2020: €23 bil The euro zone trade surplus rose to €23 billion in February from €18.5 billion a year earlier. Canada Wholesale Trade Feb. 2020: 0.7% The effects of the COVID-19 pandemic have yet to surface in wholesale trade. United States Chicago Fed National Activity Index Mar. 2020: -4.19 The pace of U.S. economic activity plummeted in March as the effects of the COVID-19 pandemic and subsequent lockdowns throughout the country took hold. World Moody's Analytics Survey of Business Confidence April 17: -18.2 Global business confidence has been shattered by COVID-19. » VIEW MORE ECONOMIC INDICATORS |