Be wary of scapegoating ‘just-in-time’ supply chains ft.com/content/50618a… via @financialtimes

Yikes - Hospitality & retail, already the least-well paid are most reliant on furlough schemes - and least likely to come back. Next on the list, construction and manufacturing, may be more hopeful. Much of the rest will be dependent on the state of the economy and total demand.

True for most countries in lockdown - we have to get used to the irony that the road from ‘completely shut down’ to just ‘historically bad’ still represents historically good improvement

In our latest global outlook video, Agathe Demarais is joined by Agnese Ortolani & Norman McKay Norman McKay to discuss the impact of #Covid19 on #Italy and #Brazil, two of the countries that were among the worst affected by the pandemic: eiu.com/n/global-outlo…

Merkel Is Seizing Her Chance to Revolutionize Germany’s Economy bloomberg.com/news/features/…

From the POLITICO coronavirus daily update: "The coronavirus has wreaked havoc on international travel in the EU, particularly affecting the Benelux bubble, where many people cross national borders everyday. (1/2)

We're finally moving from providing financial assistance/liquidity support to real fiscal stimulus, with 🇩🇪 taking the lead

Helpful chart comparing #COVIDー19 fiscal responses

Fancy hearing Economist Intelligence: EIU latest thoughts on US-China tensions and Brexit? Here's our latest Global Outlook video, featuring Nick Marro and Matthew Oxenford eiu.com/n/global-outlo…

Watch our latest global outlook video where Agathe Demarais, Nick Marro and Matthew Oxenford discuss the outlook for #US-#China relations and #Brexit in light of the coronavirus pandemic: eiu.com/n/global-outlo…

Latest hex chart of Economist Intelligence: EIU GDP forecasts. First time using the 'rainbow' colour theme - need it as such dispersion in growth outcomes! Some key points: (thread)

European countries have avoided mass lay-offs, as more than 40m workers have enrolled in furlough schemes - unemployment may rise when schemes come to an end

Broad German Parliamentary Alliance Plans to Back ECB’s QE bloomberg.com/news/articles/…

A timely reminder from John Lichfield that one of the most significant splits in French political preferences is between rural and urban voters

Good rundown of the new French government ministers from POLITICOEurope -- key takeaway is that the centre-right policy focus is here to stay, albeit with a greener tinge than before politico.eu/article/whos-w…

Outside wartime, few explosions compare to the blast in Beirut. It was so powerful that it was heard in Cyprus, 150 miles away econ.trib.al/yOhEmjK

Summary of Q2 GDP data across euro zone • #Spain, #Portugal, #France, #Italy worst hit • #Italy GDP already contracted sharply in Q1, explains why drop in Q2 was not bigger • #Austria, #Germany doing better than euro zone average, reflecting less stringent lockdowns

Immigrants are crucial backbone of developed economies • Many migrant workers risking their lives to do essential work during pandemic • Health services in rich countries could not function without immigrants

The Economist’s excess-death tracker now incorporates better global data. James Tozer tells “The Intelligence” that gives deeper insight into how deadly covid-19 is econ.trib.al/pw3zt9J

#France's coronavirus-induced recession in one chart - recovery will be slow, and French GDP will not recover to 2019 levels before end-2022 (at best)