Today's Economy Economic Roundup: U.S. Economy Headed Down a Darker Path Our April baseline will show a higher unemployment rate in Q2 and a larger decline in GDP. The Daily Economic Toll of COVID-19 on the U.S. Nearly 29% of output is now being lost due to lockdown orders. Spain's COVID-19 Numbers Are Worse Than They Look The country, almost from the start of its crisis, has been on a worse trajectory than Italy. LatAm Daily Briefing: Peru Stimulus Goes Big The measures could light the way for more aggressive action in fiscally cautious neighbors Chile and Colombia. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: The Second Shock Wave Another week of data shows the mounting economic fallout from the COVID-19 pandemic. U.S. Weekly Highlights and Preview, April 6, 2020 Key data will be initial claims, University of Michigan consumer sentiment, and producer and consumer prices. U.S. Consumers Respond to Shutdowns, Stay-at-Home Orders There is no evidence yet of a fundamental shift in behavior. CECL and IFRS 9 Recommendations: Incorporating the March 2020 V2 Mid-cycle Economic Scenario Update Users need to select the scenarios and weights that best represent their institution's view of a reasonable and supportable forecast. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Industry GDP 2019Q4: 1.79 ppt, SAAR Prior to the shock brought on from the global COVID-19 pandemic, the U.S. economy had been growing steadily. Russian Federation Consumer Price Index Mar. 2020: 0.6% The pace of Russian inflation picked up minimally in March. World Moody's Analytics Survey of Business Confidence April 03: -12.5 Global business confidence has been shattered by COVID-19. Australia Foreign Trade Feb. 2020: » VIEW MORE ECONOMIC INDICATORS |