In case you missed it: There may be trouble ahead

The global economy may have passed the peak of the Covid-19 crisis but the road to recovery will be long and arduous. The Federal Reserve says the risks to the US outlook are 'considerable', eurozone unemployment is set to surge, and the UK needs more urgent help

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Report

June Economic Update: Hope returns despite the huge challenge ahead

The worst may be over for the global economy, but the recovery looks set to be slow and turbulent

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United States

Federal Reserve: Loose for longer

The Federal Reserve has left monetary policy unchanged and continues to warn of major downside risks to growth. With officials signalling policy will…

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United Kingdom

Watch: The UK economy needs more urgent help

ING's James Smith reflects on the latest dire economic figures on the UK economy and says we can expect a lot more from the Bank of England in the…

Short-time work schemes in the eurozone: flattening the curve

Unemployment in the eurozone has barely increased so far, mainly due to the massive take-up of short-time work schemes. This smooths out the unemployment…

Eurozone: Debt monetisation by stealth

While the ECB is not allowed to monetise debt formally in the wake of the Covid-19 crisis, there seems to be some scope to do so, without fear of…

Stagflation is not the logical consequence of this pandemic

Interrupted supply, a recovery in demand, cheap money and lots and lots of debt. Sounds like a recipe for stagflation, and this is certainly the theme of…

Asia Ex-China - still slowing

The release of May Purchasing managers indices provides a helpful snapshot of where Asian economies stand following the sharp declines in April, which…

QE in emerging markets: The unconventional risks

Central banks typically engage in bond buying as a last resort, when the official rate has hit zero. Not in emerging markets. Here, some central banks…

Rates

‘Hand me the mop’, the ECB tackles the supply tsunami

The ECB underscored its willingness to be the Eurozone’s lender of last resort last week - as the €1.35tn PEPP envelope removed all lingering…