| Today's Economy
Economic Roundup: Initial Claims Sound an Alarm New filings jump and the worst is still to come. LatAm Daily Briefing: Colombia's Central Bank Steps Up Intervention With other measures, the bank began to sell dollars in the forex market. Quantifying U.S. Regional Exposure to COVID-19 A new tool provides a window into which states and metro areas face the greatest economic threat COVID-19 Delivers a Punch to the U.S. Labor Market Initial claims jumped but the big surge is still to come. » VIEW MORE TODAY'S ECONOMY
Commentary
Egypt's Interest Rate Play The drastic rate cut comes with risks and rewards. The Road Less Traveled: COVID-19 Hits U.S. Autos Demand will be sapped not once but twice as the ripples of this devastating virus pulse through the economy. COVID-19 Will Extend Argentina’s Recession The government has limited options to prevent a deeper downturn. Brazil, Late to Impose Emergency Measures, Faces a Crisis Wide and Deep The COVID-19 pandemic couldn’t come at a worse time for Brazil’s economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Monetary Policy
Mar. 2020: 4.5%
Bank Indonesia reduced its policy rate by 25 basis points to 4.5% in March. Australia
Monetary Policy
Mar. 2020: 0.25%
The RBA unveiled a suite of measures at its emergency policy meeting on 19 March. Uruguay
GDP
2019Q4:
United States
Current Account
2019Q4: -$109.8 bil
The current account deficit narrowed significantly in the fourth quarter, falling to $109.8 billion from a revised $125.4 billion. United States
Jobless Claims
March 14: 281,000
The impact of COVID-19 on the U.S. economy is clearly visible in initial claims for unemployment insurance benefits, which jumped by 70,000 to 281,000 in the week ended March 14. Canada
ADP Canada National Employment Report
Feb. 2020: 7,185
The last employment report prior to the COVID-19 outbreak was weak but still positive. Canada
New Housing Price Index
Feb. 2020: 0.6%
House price volatility is continuing in the new year. United States
Philadelphia Fed Survey
Mar. 2020: -12.7
The Philadelphia Fed survey showed a pronounced pullback in manufacturing for March. United States
St. Louis Fed Financial Stress Index
March 13: -0.07
Financial market stress is rising at its fastest rate since the Great Recession. United States
Conference Board Leading Indicators
Feb. 2020: 0.1%
Leading economic indicators, yet to capture current COVID-19-induced conditions, point to a fading U.S. expansion. United States
Natural Gas Storage Report
March 13: -9 bil cubic feet
The decline in natural gas stocks fell slightly short of analyst expectations, which will have a negative effect on gas prices. United Kingdom
Monetary Policy and Minutes
Mar. 2020: 0.1%
In another unscheduled move, the Bank of England slashed its interest rate to a record low of 0.1% from 0.25%. » VIEW MORE ECONOMIC INDICATORS | 