Emerging Europe Economics Update Czech MPC to step up its policy support The Czech central bank followed up last week’s emergency interest rate cut with further easing today and opened the door to use other measures to support the economy and stabilise the financial system... 26th March 2020 · 3 mins read
Monetary and fiscal policymakers still have work to do The Bank of Canada announced further credit easing measures this week and the government’s will expand its fiscal package to $109 bn, from $82 bn, but there are still widespread signs of stress in... 26th March 2020 · 4 mins read
Asia Economics Update Singapore: massive fiscal stimulus won’t prevent slump Today’s massive fiscal stimulus package won’t prevent Singapore from falling into a deep recession in the first half of the year, but it should ensure that the economy is well-placed to bounce back... 26th March 2020 · 3 mins read
Europe Economics Update Joint fiscal support would aid EZ economic recovery Euro-zone policymakers’ plan to offer precautionary credit lines to some governments is a step in the right direction, but it is too small and not the best tool for the job. It stops well short of... 26th March 2020 · 5 mins read
Asia Chart Pack Policy support being stepped up With economic growth across the region collapsing, policy support is being ramped up aggressively. Having slashed interest rates over the past couple of weeks, central banks have begun to unveil a... 26th March 2020 · 9 mins read
Global Economics Update The cost of the fiscal stimulus In this Update, we answer some key questions about the fiscal stimulus underway in advanced economies. In short, government deficits are set to soar, probably rising by more than after the financial... 26th March 2020 · 6 mins read
US Housing Market Update Fiscal package will prevent record high delinquencies A surge in the unemployment rate to 12% in the second quarter will put upward pressure on the mortgage delinquency rate, but an additional $600 week in unemployment insurance should keep the rate... 25th March 2020 · 3 mins read
UK Economics Update The fiscal cost of the coronavirus crisis The coronavirus crisis means that the government’s budget deficit will soon explode to above the 10% of GDP peak seen in the financial crisis and debt could spiral from about 80% of GDP now to over... 25th March 2020 · 6 mins read
Capital Daily Massive policy support not likely to derail Treasuries for long We wouldn’t be surprised if the massive policy support that has been announced in the US in recent days had some adverse effect on Treasuries in the second half of 2020. After all, similar support... 25th March 2020 · 8 mins read
India Economics Update Growth to slump to a four-decade low in 2020 The measures to contain the spread of the coronavirus announced by PM Modi last night will be hard to fully implement but will still have severe economic repercussions. We now expect the economy to... 25th March 2020 · 3 mins read
US Economics Update Congress steps up to the plate The $2trn stimulus package agreed by Congress will include a permanent fiscal expansion worth up to 5% of GDP and, in conjunction with the new lending facilities announced by the Fed, could channel up... 25th March 2020 · 4 mins read
India Economics Update Containment measures put onus on finance ministry The number of confirmed coronavirus cases in India is now rising sharply and, in response, most states have implemented full or partial lockdowns. With many households likely to have very low savings... 24th March 2020 · 3 mins read
Capital Daily Policymakers still struggling to turn the tide in markets While the US Congress remains deadlocked over the fiscal response to the COVID-19 pandemic, the Fed has once more stepped into the breach with another massive monetary policy support package. Although... 23rd March 2020 · 7 mins read
Europe Economics Update Germany opens the fiscal taps Germany’s supplementary budget for nearly 5% of GDP sets an example that other euro-zone countries are likely to follow. However, we suspect that the costs will end up being much higher even than this... 23rd March 2020 · 3 mins read
Australia & New Zealand Economics Update Australia - Fiscal support ramped up as shutdown looms Australia is moving closer to shutting down a large share of its services sector and we now expect GDP to fall by 4% this year. The government is responding with a second, larger fiscal stimulus... 23rd March 2020 · 3 mins read
UK Economics Update Gov’t pays about £110bn to stop unemployment rising 20th March 2020 · 3 mins read
