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Covid-19: What you need to know

  • 15 May 2020

It's been another week of dreadful economic numbers, but as far as Covid-19 is concerned, there's hope things are slowly improving. Here are the main stories from ING Economics from the past seven days

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Watch: Which market is getting it right?

Different markets are telling us different things about how they see the coronavirus recovery shaping up. So who's right?

Lockdowns lifted, what does this mean for the eurozone economy?

Lockdowns lifted, what does this mean for the eurozone economy?

While economic data will continue to look very bleak for some time, make no mistake the bottom of economic activity is already behind us, bar any new…

Germany: And this is just the beginning
Quick take

Germany: And this is just the beginning

The worst contraction of the German economy since 2009 is not where the current crisis will end. The second quarter will be more dreadful

The Netherlands: A relatively mild decline in GDP so far
Quick take
The Netherlands

The Netherlands: A relatively mild decline in GDP so far

Dutch GDP fell by -1.7% QoQ in 1Q20, suggesting that the economic impact of the coronavirus was mild, at least in international comparison. The…

Trade war: Where is Trump heading?
Trade

Trade war: Where is Trump heading?

President Trump has threatened to rip apart the US-China trade deal and has not ruled out tariff hikes, if non-Chinese experts are unable to participate…

US: jobless claims slow crawl lower
Quick take
United States

US: jobless claims slow crawl lower

US initial jobless claims dropped for the sixth straight week, but remain painfully high at 2.98 million. As the economy gradually re-opens this decline…

Fed Chair Powell's dose of reality
United States

Fed Chair Powell's dose of reality

Fed Chair Jerome Powell doesn't pull his punches in his latest economic update. Monetary policy and negative interest rates can't magic up…

Hong Kong quarterly: which industries will survive the deep recession?
China

Hong Kong quarterly: which industries will survive the deep recession?

Trade war. Social unrest. Covid-19. These three hits to Hong Kong's economy have resulted in a difficult recovery path. Now, Covid-19 has subsided but…

China signals more aggressive monetary stimulus

China signals more aggressive monetary stimulus

China's credit growth slowed in April but the central bank, the People's Bank of China, has signalled more aggressive monetary stimulus. We expect…

Listen: Are digital currencies a "total scam" or moving into the mainstream?
Podcast
FX

Listen: Are digital currencies a "total scam" or moving into the…

The Covid-19 crisis and its impact on currencies in some emerging markets has fuelled distrust in governments and central banks, and ignited interest in…

USDCNY US Unemployment Trade wars RRR Retail Recession Protests Powell Monetary easing Jobless claims Interest rates Hong Kong Germany GDP Federal Reserve

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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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