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<p>France household consumption expenditure on goods dropped -0.1% mom in February. Energy expenditure fell again (0.9%), manufactured good consumption rebounded (0.2%), driven by durable good purchases (1.4%) and food consumption was stable (0.0%). All item CPI slowed to 0.6% yoy in March, down from 1.4%. HICP slowed to 0.7% yoy, down from 1

<p>UK Q4 GDP was finalized at 0.0% qoq, 1.1% yoy. Service output rose 0.2% qoq, production output dropped -0.7% qoq, construction output dropped -0.1% qoq. Over the year, US economy grew 1.4% in 2020, up slightly from1.3% in 2018. Both were slowest since financial crisis of 2008 and 2009. Full release here.</p> <p>The post <a [

<p>In a report released today, the World Bank projected 2020 growth in developing East Asia and Pacific to slow to just 2.1% in the base line scenario, and -0.5% in the lower case scenario. That’s a sharp deterioration from 5.8% growth in 2019. For China, growth could be at 2.3% in the baseline and 0.1% […]

<p>Japan’s coronavirus outbreak remains relatively contained so far, but number of cases would likely break 2,000 handle this week. Economy Minister Yasutoshi Nishimura, insisted that there is no need to declare a state of emergency for now. He also warned of the “huge” impact on the economy with a lockdown of major cities l

<p>New Zealand ANZ Business Confidence tumbled to -63.5 in March, down from -19.4, close to a record low. All sectors are in deep negative: Agriculture (-79.4), Construction (-67.6), Services (-66.5), Retail (-65.4), Manufacturing (-46.2). Activity Outlook also dropped from 12.0 to -26.7: Retail (-40.7), Services (-26.8), Agriculture (-26.5),

<p>China’s official NBS PMI Manufacturing rose to 52.0 in March, up from 35.7. NBS PMI Non-Manufacturing also rebounded to 52.3, up from 29.6. Both PMIs are back in expansion region. “As of March 25, the resumption rate of large and medium-sized enterprises was 96.6 per cent, an increase of 17.7 per cent from the survey […]

<p>US continues to top the coronavirus cases chart with over 160k confirmed cases now (3165 deaths). President Donald Trump said that there were more than 1 million Americans tested, which is a milestone. He indicated that there were discussion in the White House regarding a national stay-at-home order. However, It’s “pretty unlik

<p>A major component of the USD 2.2T coronavirus relief package approved by Congress last week is the USD 350B small business financing. Treasury Secretary Steven Mnuchin said today that the loans will be available starting on Friday, and the sign up would be “very, very easy”. He expected that the program would cover around 50% [

<p>In the report &#8220;The Economic Outlook in the Coronavirus Pandemic&#8221;, the German Council of Economic Experts (GCEE) presented three scenarios for the German economy in 2020 and 2021 due to coronavirus pandemic. In the &#8220;baseline scenario&#8221;, economic situation will &#8220;normalize over the summer&#

<p>Eurozone Economic Sentiment Indicator dropped to 94.5 in March, down from 103.4. Industrial Confidence dropped form -6.2 to -10.8. Services Confidence dropped from 11.1 to -2.2. Consumer Confidence dropped from -6.6 to -11.6. Retail Trade Confidence dropped from -0.2 to -8.3. Even Construction Confidence dropped from 5.4. to 2.7. The stron