| Today's Economy
Europe Daily Briefing: Will This Be Worse Than 2008? A deep global downturn seems inevitable this year. LatAm Central Banks Play Houdini Rising inflation and currency volatility could tie policymakers’ hands. U.K. Escalates the Fight Against COVID-19 Fiscal and monetary stimulus won’t prevent the economy from plunging in the second quarter. LatAm Daily Briefing: Lima Job Market in Slow-mo The spread of COVID-19 to Latin America spells greater trouble. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker: A Devastating Blow To date, our cumulative lost output estimate is -0.3% at an annualized rate. Chile and COVID-19: The Worst Is Yet to Come Absent real-time economic data, we turn to a host of other indicators to chart the economy's course. Latin America Under the Coronavirus Pandemic The region will face a recession worse than that of 2009. Debt’s Increasing Weight on Emerging Markets Risk has grown as the global economy works through the slowdown caused by the trade war, geopolitical uncertainties, and COVID-19. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Consumer Price Index
Feb. 2020: 1.2%
Final numbers confirmed that euro zone inflation fell to 1.2% y/y in February from 1.4% in January. Euro Zone
External Trade
Jan. 2020: €1.3 bil
The euro zone trade surplus increased to €1.3 billion in January from €600 million a year earlier. United States
MBA Mortgage Applications Survey
March 13: -8.4%
Mortgage applications decreased by 8.4% over the week of March 13. Chile
GDP
2019Q4: -2.1%
Chile’s economy plunged in the last quarter of 2019, mainly as a result of the damages caused by the social irruption in October. Canada
Consumer Price Index
Feb. 2020: 2.2%
Consumer price inflation is beginning to slow as the COVID-19 outbreak starts to drag on demand. United States
New Residential Construction (C20)
Feb. 2020: 1.599 mil
The U.S. housing market was solid before COVID-19, as housing starts only slipped in February, bucking our and consensus expectations for a more noticeable decline. United States
Oil Inventories
March 13: 453.7 mil barrels
Crude oil inventories rose by less than analysts predicted last week, but this inventory report will have little effect on prices. Brazil
Monetary Policy
Mar. 2020:
New Zealand
GDP
2019Q4:
Japan
Consumer Price Index
Feb. 2020:
Australia
Employment Situation
Feb. 2020:
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