Covid-19: A virus-driven ice age

Do central banks still have any ammunition left? What is the endgame for fiscal policies? Which eurozone countries are the most vulnerable? Is this the time for a Eurobond? And what could an exit from the lockdown measures look like? Also, at some point in time, the crisis will be over. How will the world look then?

In this bundle

Watch: How will the world recover from the Covid-19 crisis

We're living in the mother of all fast-moving environments - so says ING's Global Head of Macro Research who says it's harder than ever to…

What’s the end game for emergency fiscal and monetary policy?

With monetary firepower largely spent, and fiscal deficits surging, governments may well increasingly look towards a form of monetary financing as a way…

How a post-Covid world could look

Low interest rates for even longer or maybe even forever, and ballooning government balance sheets will shape the post Covid-19 era. But that's not…

How global emergency economic measures compare?

The coronavirus pandemic has caused governments around the world to announce emergency measures to battle the economic fallout. Governments have learned…

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Report Credit

EM Sovereigns: Covid-19 to leave behind a legacy of debt distress

While the past week has seen some recovery across risk assets on the back of global fiscal and monetary policy stimulus, permanent damage remains for…

When will the lockdown really end?

Some countries in Europe may try to end lockdown measures at the end of April. But those currently suffering large-scale infections won't be in a…

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Which eurozone countries are most vulnerable?

The health crisis in Spain and Italy is the most severe of all eurozone countries. What's more, southern eurozone economies are especially vulnerable…

Is this the time for a (euro) Coronabond?

The political will to pool risk across the eurozone with a common Coronabond is not there, yet. As a result, debt mutualisation will continue through the…

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Countries hit most by the coronavirus value chain shock

Even before Covid-19 led to country-wide lockdowns, supply chain shocks and weak foreign demand were already taking a toll. Small open economies, such as…

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The biggest plumbing bill, ever

The Fed has piped the financial system with a myriad of mechanisms in recent weeks. We break these down and make sense of what is on the mend, and what…