Economists Are Losing Hope in a “V-Shaped” Post-Virus Recovery
“The coronavirus is guaranteed to throw the world into recession, but economists are becoming less convinced about the potential for a strong snapback in growth. The base case for forecasters is that a recovery, perhaps even a vigorous one, gets under way in the second half of 2020. But as the pandemic spreads through Europe and the Americas, and the wide range of knock-on effects comes into clearer view, caveats to that call are piling up.”
Nightmare Haunting Euro Founders May Be a Reality With Italy
“Two decades since the euro began, one of the principal worries of its founders is materializing as the coronavirus rages through the region’s third-largest economy. The longstanding suspicion that Italy’s profligate borrowing could ultimately become the whole of Europe’s problem was the recurring nightmare of German finance officials throughout the 1990s.”
China Reveals 1,541 Symptom-Free Virus Cases Under Pressure
“China said that it’s put 1,541 people infected with the novel coronavirus but who don’t have symptoms under observation as of March 30, a much-anticipated announcement which helps provide a deeper picture of the scale of the country’s epidemic. It was unclear from the statement if that number was only of people currently in medical quarantine or if it included those who were symptom-free but have since recovered and been released. Of the cases, 205 were found among people entering China from overseas, according to a statement on China’s National Health Commission website.”
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