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The world economy will get a real-time check-up this week, as surveys from Asia to Europe and the Americas reveal the current state of manufacturing and services industries trib.al/0pRJKcO
A slew of nations will release flash PMI reports for April on Thursday, giving more insight into the economic cost of either lockdowns imposed to contain the virus, or the success of tentative measures to ease restrictions trib.al/0pRJKcO
”The euro-area PMI may provide limited additional information on the damage caused by the lockdowns put in place to slow the spread of the coronavirus,” says @JMurray804. “It’s a diffusion index that struggles to capture the extent of output losses, especially at the extremes”
The Fed is in blackout this week before its next FOMC meeting at the end of the month. Meanwhile, investors will digest more economic data showing the impact of the coronavirus in the U.S.: Reports include existing and new home sales, manufacturing and weekly jobless claims
After a series of shocking reports showing a surge in UK benefits claims, we’ll finally get a better sense of the damage done to employment when jobless claims data for March are released. Inflation and retail sales numbers are also due trib.al/0pRJKcO
Data from Germany’s ZEW and Ifo will provide clues on the health of Europe’s biggest economy as it prepares to ease some restrictions on public life trib.al/0pRJKcO
Central bankers in Russia, Ukraine and Turkey look on course to add to the wave of interest rate cuts already seen this year trib.al/0pRJKcO
China will set its Loan Prime Rate on Monday, with reductions in the interest rate for banks expected as authorities continue to drip feed stimulus to the economy trib.al/0pRJKcO
Australia’s central bank will release minutes of its latest meeting and Governor Philip Lowe will give an update on the economic and financial outlook in a speech on Tuesday trib.al/0pRJKcO
Meanwhile, South Korea releases trade numbers for the first 20 days of April on Tuesday and first quarter GDP on Thursday – both will be keenly watched as the coronavirus dampens global commerce trib.al/0pRJKcO
March import figures in Argentina should underscore the demand shock of the nationwide lockdown that’s heading into a second month. The April consumer confidence report may show declines to rival those last seen in the wake of Argentina’s $95 billion default of 2001
Mexico’s mid-month consumer price data is expected to show slowing core rates as well as bi-weekly deflation, putting annual inflation quite near the official target trib.al/0pRJKcO
Read @_DavidGoodman’s full preview of what is coming up in the world economy: trib.al/0pRJKcO
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