Today's Economy LatAm Daily Briefing: Argentina Misses Debt Payment If no payment is made in the next 30-day grace period, the country will officially enter default. COVID-19 Policy Tracker: Policy Beyond the Peak After a barrage of policy announcements, the focus now shifts to fine-tuning. Europe Daily Briefing: Euro Zone PMI Sinks Deeper Into the Abyss We may have to rule out a V-shaped recovery. Asia-Pacific Daily Briefing: South Korea's GDP Takes a Nosedive The economy may contract this year at its sharpest rate since the 2008 financial crisis. » VIEW MORE TODAY'S ECONOMY
Commentary PPP Round Two: Another Shot for Some U.S. States Forgivable loans for underbanked businesses under the Paycheck Protection Program could help states that haven't gotten their fair share. The Fed-Treasury Relationship Could Get Complicated The Fed may need to formally adopt yield curve control soon. New Zealand Outlook: COVID-19 Is a Ferocious Blow The economy is in the midst of a recession. Analyzing the U.S. Fiscal Response to COVID-19 Despite the historic size of the economic rescue so far, it is at best a Band-Aid on a gaping wound. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Jobless Claims April 18: 4,427,000 Initial claims remain extraordinarily high because of COVID-19. Mexico Retail & Wholesale Sales Feb. 2020: 2.5% Household consumption started to moderate in February as news about the COVID-19 pandemic worsened. Peru Consumer Price Index Mar. 2020: 1.8% Inflation in the Lima metropolitan area rose 1.8% in March on a year-ago basis, 0.1 percentage point less than the annual inflation rate in February. United States St. Louis Fed Financial Stress Index April 17: 1.30 Financial stress declined for the fourth straight week aided by fiscal and monetary stimulus. United States New-Home Sales Mar. 2020: 627,000 COVID-19 has thrown the housing market into a deep freeze. United States Natural Gas Storage Report April 17: 43 bil cubic feet A slightly smaller than expected build in natural gas stocks will lend some support to struggling gas prices. United States Kansas City Fed Manufacturing Survey Apr. 2020: -30 The COVID-19 outbreak is taking a historic toll on manufacturing activity within the 10th District. Argentina Retail Sales Index Feb. 2020: 72.9% The index that tracks nominal sales at Buenos Aires’ largest shopping centers jumped 72.9% y/y in February, up from 54.6% in the previous month. Japan Consumer Price Index Mar. 2020: » VIEW MORE ECONOMIC INDICATORS |