| Today's Economy
Spain Declares State of Emergency The effects of the quarantine will ripple throughout the economy. Chile’s Central Bank Delivers Emergency Cut The move is a bold interpretation of the bank’s inflation-fighting mandate. LatAm Daily Briefing: Family Matters The contours of the COVID-19 pandemic place remittances front and center. New York's Falling Index a Sign of What Is to Come The Empire State manufacturing survey tanked in March. » VIEW MORE TODAY'S ECONOMY
Commentary
COVID-19 Lowers Growth Prospects Among Nordics Fiscal and monetary responses will be essential in easing the worst of the negative economic effects. Vietnam Forecast Revisions: Down, Not Out Vietnam’s economy is threatened, but its record expansion will remain intact. COVID-19: Darkening Global Outlook The more widespread and virulent the virus, the greater the odds of a global downturn and the weaker the subsequent recovery. COVID-19: A Fiscal Stimulus Plan The onus is on the Trump administration and Congress to provide economic support. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Consumer Price Index
Feb. 2020: 0.3%
Italy's EU-harmonized inflation cooled further to 0.2% y/y in February, below preliminary estimates, while the national headline decelerated to 0.3% y/y from 0.5% previously. South Korea
Monetary Policy
Mar. 2020: 0.75%
The Bank of Korea reduced its policy rate by 50 basis points to 0.75% at an emergency meeting on Monday following the Fed's move on Sunday. Canada
New Motor Vehicle Sales
Jan. 2020: 0.8%
Total new-vehicle sales in January were down, at 112,845 units sold at a value of C$5,033,798. United States
NY Empire State Manufacturing Survey
Mar. 2020: -21.5
COVID-19 is wreaking havoc with the global economy, and New York's manufacturers are no exception. Peru
Unemployment
Feb. 2020: 7.1%
United States
Regional and State Employment
Jan. 2020:
The employment figures for state and regional economies for January confirm what is already known, namely that the country’s labor market was solid heading into the current period of stress. World
Moody's Analytics Survey of Business Confidence
March 13: 8.1
COVID-19 is an existential threat to the global economic expansion. Singapore
Foreign Trade
Feb. 2020:
Chile
Monetary Policy
Mar. 2020: 1%
Chile's central bank delivered a surprise rate cut after convening an emergency meeting to address the fallout of the COVID-19 pandemic on the Chilean economy. United States
Treasury International Capital Flows
Jan. 2020: $20.9 bil
Net long-term capital flows were positive in January for the fifth straight month. Japan
Industrial Production
Feb. 2020:
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