Macro Briefing | 22 May 2020

US set to withdraw from another nuclear arms treaty: CNN
In threat to Hong Kong’s independence, China signals stricter oversight: BBC
China omits growth target, suggesting challenging economic outlook: WSJ
US-China tensions rise on new front: financial markets: CNBC
Economist predicts 40%-plus of lost jobs in US are gone forever: NY Times
UK retail spending crashed 18% in April–biggest monthly drop on record: FT
US Leading Economic Index continued to fall in April after record drop: CB
US existing home sales fell sharply in April: CNBC
Philly Fed Mfg Index in May still reflects deep sector downturn: MW
US jobless claims continued to surge last week, rising 2.4 million: CNBC
Composite PMI survey data for April points to deep loss for US GDP in Q2:

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