UK Economics Weekly Policymakers do their utmost, but some damage already done The UK Chancellor’s support for self-employed workers takes the total size of the government’s package of direct tax and spending measures to £119bn (5.3% of GDP). Even so, this unparalleled policy... 27th March 2020 · 4 mins read
India Economics Weekly Finance Ministry will need to do more The Finance Ministry took its first shot at responding to the coronavirus outbreak yesterday but, at only 0.7% of GDP, the fiscal stimulus measures are small. Much more will be needed to prevent a... 27th March 2020 · 4 mins read
China Chart Pack Labour market conditions continue to worsen Activity across both industry and services is recovering as measures to contain the coronavirus have been eased. But the recovery is likely to run into the constraint of weak demand before long. The... 27th March 2020 · 11 mins read
Capital Daily Easing funding strains are a sign of progress The renewed weakening of the US dollar over recent days suggests that policymakers’ efforts to ease strains in short-term funding markets are having an effect. 26th March 2020 · 6 mins read
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
