MACRO ECONOMIC NEWS

YOU ARE AT THE HIGHEST LEVEL OF SELF-CONSCIOUSNESS AND CONTRIBUTION. WISHING A PRETTY SATISFYING DAY AHEAD.

Macro Economic News 25 Apr 2020

We are heading to adjust to a world of more debt, less globalisation and greater digitalisation. While figures show early slowdown and suggest further decline, the gap between financial markets and global economy yawns wider. Central banks are under pressure to fairly disburse trillions of dollars to companies and local administrative units for better utilization of aid-funds. As government contemplates partial lifting of lockdown, big industrial units are ready with a new set of operating procedures but MSMEs see many bottlenecks in restarting the operations. Resiliency of the economy is put on test with diminishing efficiency and deteriorating demands. Business activity in the U.S., Europe and Japan collapsed in April as governments tightened restrictions on movement and social interaction aimed at limiting the spread of the coronavirus, according to surveys of purchasing managers. Business leaders are echoing for co-ordinated approach to safely reopening the economy amidst the risk of double-dip depression while possibility of economic devastation hitting women workers hardest is rising leading to gender and economic gap across societies. Rule of Capital and rule by law both seem to be continuously facing its limits as seen by their frequent changes. The need of hour appears to be the higher level of self-consciousness and sense of contribution from all feasible aspects and from every meticulous human being.

FINANCIAL TIMES

[I]  The costs of fighting this crisis will be with us for years

[I]  US business leaders call for co-ordinated approach to safely reopen

[I]  Top of Form

Global trade contracts as coronavirus hits world economy

[I]  Top of Form

Investors baffled by soaring stocks in ‘monster’ depression

[I]  Top of Form

Fed caught in political crosshairs over bailout role

[I]  Top of Form

Cash hoarders and conglomerates have their day in the sun

[I]  Top of Form

The risk of a US double-dip depression is real

REUTERS

[I]  Mortality rates drop sharply in parts of India, bucking coronavirus trend

[I]  Indian funds seek to reassure investors after shutdowns fuel redemption fears

[I]  Showdown looms between Silicon Valley, U.S. states over contact tracing apps

[I]  France, Germany in standoff with Silicon Valley on contact tracing

[I]  U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis - CBO

[I]  'Full fury' of coronavirus sends German business morale to record low

[I]  U.S. core capital goods orders eke out surprise gain

BLOOMBERG 

[I]  U.K. Treasury Committee Head Urges Insurers to Pay Virus Claims

[I]  Japan Hopes Longer Holiday Marks End of Virus Lockdown

[I]  Oil Slump May No Longer Be a Curse for Renewable Energy

[I]  Canadian Stocks Climb For Fifth Consecutive Week as Tech Gains

[I]  Wall Street Rethinks What’s Possible in Week Oil Went Negative

[I]  Italy Dodges Downgrade With Credit Rating Affirmed by S&P

WALL STREET JOURNAL

[I]  U.S. Durable-Goods Orders Drop as Economic Outlook Sours

[I]  Fed Allows Banks to Eliminate Limits, Fees on Monthly Withdrawals From Savings Accounts

[I]  Global Economy Hit by Record Collapse of Business Activity

[I]  Millions of U.S. Workers Filed for Jobless Benefits Last Week

BUSINESS LINE

[I]  Post lockdown: Big units get ready, MSMEs see roadblocks to restart

[I]  Domestic oil and gas producers seek govt support to mitigate impact of crude price crash

[I]  Rs 1-lakh crore fund in the works to repay pending dues to MSMEs: Nitin Gadkari

[I]  Why the economic devastation caused by Covid will hit women workers hardest

[I]  SC upholds capping excise duty refund to actual value

ECONOMIC TIMES

[I]  India loosens up with a late-night order

[I]  Lockdown in Mumbai, Pune may extend till June

[I]  Pay cuts, layoffs: Startup morale under lockdown

[I]  No job or pay cuts: 3 auto cos assure staff

[I]  Govt gets started to make WFH process smooth

[I]  India's forex reserves surge $3.09 billion to $479.57 billion

[I]  Finance Commission against RBI lending to Centre

[I]  Economic crisis recovery perceptions low: TRA

[I]  Several states extend working hours from 8 to 12 hours in factories

BUSINESS STANDARD

[I]  Banks want IBC proceedings in all pending cases to be suspended for 2 years

[I]  Kirana stores are the new battleground for India's e-commerce giants

[I]  Govt had Rs 1.35-trn outstanding loans from RBI in week to April 17

[I]  Finance panel's advisory council bats for support to small players, NBFCs

[I]  31% apparel units to shut down, 2.5 mn jobs at risk due to lockdown: CMAI

[I]  Major states still not allowing industries to reopen: FIEO to govt

Best Regards, ARBIND

25 Apr 2020