Macro Briefing | 19 March 2020

US gov’t working on large economic stimulus bill: Bloomberg
A virus recession will create an unprecedented shock for the global economy: BBG
Coronavirus pandemic will test limits of how much debt US gov’t can bear: WSJ
Layoffs rising at US businesses as coronavirus spreads: WSJ
China reports no new local infections–a positive milestone: NY Times
Credit crisis looms as investors dump lesser grades of corporate credit: Reuters
Fed offers emergency lending to support money market mutual funds: WSJ
New US housing construction fell in Feb–ahead of coronavirus disruption: MW
US crude oil benchmark collapses to just over $20 a barrel on Wednesday: