Global Perspective provides a view of the latest global economy and market events.
The National People’s Congress (NPC) is by far the most critical policy meeting in China.
As the origination point of the COVID-19 outbreak, China is facing growing backlash.
Negative yields are here to stay in Europe and Japan, unless central banks start to implement untested and unconventional monetary policies.
Europe needs a common response to address COVID-19, but the latest stimulus does not appear to be the strong, unified fiscal response necessary to help the entire Eurozone through this crisis.
There have already been sovereign credit rating downgrades by rating agencies.
Early economic indicators show that China’s manufacturing sector improved in March versus an abysmal February. However, February’s abysmal data wasn’t hard to beat.