Macro Briefing | 18 May 2020

Countries focus on China’s initial handling of coronavirus crisis: CNN
China will take “all necessary measures” to new US restrictions on Huawei: AP
Iran warns US against intercepting oil shipment to Venezuela: AP
Fed’s Powell: US economy could fall 30% in second quarter: CNBC
Full economic recovery will require a vaccine, says Fed’s Powell: CNBC
Japan is first major economy to report 2 straight quarterly GDP declines: NYT
US Covid-19 deaths fell on Sun (May 17), close to 7-week low: Johns Hopkins
Industrial output in US declined 11.2% in April — biggest drop on record: MW
US retail spending fell a stunning 16.4% in April: AP