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Covid-19: The shocking numbers are in

  • 31 July 2020

This week's global growth numbers show the impact of the coronavirus crisis in the starkest way. We've looked at the figures and are trying to forecast what a recovery will look like. The Fed didn't move on Wednesday; we're expecting a policy shift in September. And, as our podcast highlights, negative rates are still on the table

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The largest quarterly decline in Eurozone GDP on record
Quick take
31 July 2020

The largest quarterly decline in Eurozone GDP on record

Eurozone GDP declined by 12.1% in the second quarter of 2020, the largest quarterly decline on record. While GDP has already started to climb thanks to…

Germany: The crisis finally has a number
Quick take
30 July 2020

Germany: The crisis finally has a number

The worst ever quarterly performance of the German economy finally has a number -10.1%. This is the size of the contraction in the second quarter

US GDP: Hopes for a 'V' are misplaced
Quick take
30 July 2020

US GDP: Hopes for a 'V' are misplaced

We now know that the deepest ever quarterly contraction was -32.9% annualised. Financial markets are already priced for a vigorous recovery, but with…

Federal Reserve: Dovish dose of reality
29 July 2020

Federal Reserve: Dovish dose of reality

No change today from the Federal Reserve. Covid-19 is far from beaten and there are mounting challenges to the US growth outlook. The central bank is…

Listen: Stocks vs bonds - who's right?
Podcast
Credit Rates
31 July 2020

Listen: Stocks vs bonds - who's right?

Federal Reserve Chairman Jerome Powell explicitly warned that the US economic recovery will depend on the path of Covid-19, perhaps in an effort to tamp…

Record highs for gold, but where next?
30 July 2020

Record highs for gold, but where next?

Spot gold prices have hit a new all-time high, surpassing the previous highs seen in 2011. Growing safe-haven demand, renewed weakness in the USD, falling…

How green is the EU budget and recovery deal?
28 July 2020

How green is the EU budget and recovery deal?

Climate expenditures have been increased and this gives a clear signal to the private sector: the green transition is here to stay. It remains to be seen,…

European oil and gas majors: The road to a green business model
Report
Commodities, Food & Agri Energy Sustainability
20 July 2020

European oil and gas majors: The road to a green business model

European energy companies have announced new strategies which include a shift towards greener business models. In this report, we look at some of the…

US Sustainability Stocks Recession Precious metals Jobs Interest rates Gold Germany GDP Fiscal Federal Reserve Eurozone European Union Energy Transition Energy

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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