Macro Briefing | 17 March 2020

Trump shifts tone, says coronavirus may last through summer: BBC
US economy may be grinding to a halt as coronavirus spreads: NY Times
Is the US at risk of a depression? Reuters
Morgan Stanley: global recession is now the base case: Bloomberg
Amazon to add 100,000 workers amid surge in online ordering: WSJ
Reported coronavirus infections understate actual data, study shows: NY Times
Germany’s ZEW Economic Sentiment Index collapsed in the March update: ZEW
NY Fed Mfg Index falls sharply in March, reflecting contractio in sector: NY Fed
US stock mkt (S&P 500) drawdow approaches -30% after Monday’s sharp slide:

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