There had been hope that the coronavirus-triggered recession that’s now roiling the US economy wouldn’t show up in the data until the second quarter. But recent updates for March have smashed that idea and so next week’s initial estimate of Q1 GDP is on track to post a loss, based on several nowcasting models and survey results compiled by CapitalSpectator.com.
Daily Archives: April 21, 2020
Macro Briefing | 21 April 2020
Trump says he’s temporarily suspending immigration due to coronavirus: CNBC
Oil futures fall below $0 as demand collapses: WSJ
Global hunger set to double this year due to coronavirus: Reuters
Congressional leaders still negotiating deal for small biz relief: BBG
States quickly depleting funds targeted for laid-off workers: WSJ
Health of N. Korea’s leader, Kim Jong Un, draws US attention: CNN
Chicago Fed Nat’l Activity Index (3mo avg) signaled deep recession for March: CF
