Macro Briefing | 1 May 2020

Covid-19 pandemic expected to last 2 years, report predicts: Bloomberg
Half of US states move ahead with economic reopening: Reuters
European Commission calls for investigation into origin of coronavirus: CNBC
Russia’s prime minister says he’s infected with coronavirus: NPR
Federal Reserve’s lending program expands to cover larger firms: WSJ
Coronavirus is reversing global slide in poverty rate: NY Times
Despite surge in jobless, official unemployment probably undercounts: EPI
US consumer spending posted steepest drop on record in March: WSJ
US jobless claims continue surging–up 3.8 million last week: MW