Macro Briefing | 20 May 2020

Economic reopenings proceed throughout US and around the world: WSJ
New virus outbreak in China highlights struggle to contain Covid-19: Bloomberg
CBO projects 38% decline in US economic output in Q2: CNBC
Iranian navy says it will continue to operate in Gulf after US warning: Reuters
Taiwan president rejects China’s plan for reunification: Reuters
UK inflation fell in April to slowest pace since 2016: Bloomberg
World trade volumes expected to “fall precipitously” in 1H:2020: WTO
US housing starts fell 30% in April and settled at a 5-year low: CNBC