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Reopening vs resurgence

  • 3 July 2020

The easing of lockdown measures is helping economies recover from the deepest slump in a generation. But the virus is far from contained. Our economic monthly looks at whether the recovery will remain on track while our podcast focuses on one of the worst hit countries- Brazil. Plus, as the EU and UK battle it out over Brexit, is a trade deal slipping away? 

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In this bundle

July Economic Update: From yesterday to tomorrow
Report

July Economic Update: From yesterday to tomorrow

The reopenings have led to a sharp rebound in activity, but new localised Covid-19 outbreaks have cast a renewed cloud over the global economic outlook…

US jobs: Don't believe the hype
United States

US jobs: Don't believe the hype

Another big upside surprise for payrolls of 4.8mn while the unemployment rate plunges to 11.1%. Great news, but it doesn't tell the whole story.…

Post-Brexit trade deal still possible despite rollercoaster talks
United Kingdom

Post-Brexit trade deal still possible despite rollercoaster talks

Despite the latest round of UK-EU talks ending a day early, it's too early to conclude that the chances of a trade agreement are falling. We still…

GBP: The ongoing disappointment
FX United Kingdom

GBP: The ongoing disappointment

EUR/GBP broke through our quarter-end target of 0.91. We see more downside to sterling and expect EUR/GBP to trade above 0.92 this summer. As UK-EU…

Coronavirus: Saving differently, not equally
Report

Coronavirus: Saving differently, not equally

Covid-19 has caused massive disruption. The way we spend and save is no exception. But experiences are divided. Those with household savings are more…

Listen: Brazil's Covid crisis
Podcast
Argentina Brazil

Listen: Brazil's Covid crisis

With 1.4 million coronavirus cases and over 60,000 deaths, Brazil now ranks as the second worst hit country in the world, after the United States. But its…

Listen: Recovery, reflation and the market response
Podcast
FX

Listen: Recovery, reflation and the market response

In this ING economic update, our experts discuss the outlook for the US, UK and European economies and the likely trajectory of global financial markets,…

China Quarterly Update: Technology v bricks and mortar
FX China

China Quarterly Update: Technology v bricks and mortar

Lockdowns and social distancing measures are short-term issues for the Chinese economy as a result of the Covid-19 pandemic, but solutions for the…

Wages USDCNY US Unemployment UK Payrolls July Economic Update GBP China

Content Disclaimer

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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