Economics

By burning his remaining bridges in Congress, Bolsonaro’s perceived flippant attitude toward the pandemic risks thwarting his ability to enact key reforms before October elections.

While intended to curb the blow of lockdown measures, New Delhi's new stimulus package -- combined with other COVID-19 market shocks -- will only further delay its economic recovery.

A widespread outbreak among the country's large immunosuppressed and uninsured population could quickly collapse South Africa's already fragile health care system and economy.

The pandemic's projected impact on major economies has become increasingly grim as more bad news comes in on countries already past the peak of the crisis, as well as those still suffering under national lockdowns.

The postponement plus the spread of COVID-19 in key markets overseas increases the likelihood of higher government spending, as well as of a consumption tax suspension or cut.

The ECB is ramping up lending and European governments are ramping up borrowing to address the probable major economic downturn COVID-19 has helped trigger.

Financial markets expect decisive action from the ECB's Governing Council when it meets this week. But already-negative interest rates leave the euro bank with few cards to play.