Jeff Kearns

The World Bank Group’s arm for the private sector is working to stave off widespread bankruptcies in developing nations that may be worse than the #Covid_19 hit to advanced economies. My exclusive interview with IFC CEO Philippe Le Houérou @PLeHouerou bloomberg.com/news/articles/…

JPMorgan says Google trends suggest this week's jobless claims could hit 7 million bloomberg.com/news/articles/…

It turns out you can’t escape from a global pandemic. I tried. bloomberg.com/news/articles/…

How are American consumers reacting to #coronavirus shutdowns? Well, they are spending less overall – but as they sheltered in their homes in March, they hoarded some goods – toilet paper! – and shunned others, like makeup. Here’s my story. bloomberg.com/news/articles/… via @economics

A hedge fund's big short shows why the demand for alt-data is surging bloomberg.com/news/articles/… via @technology

Today's jobs report won't reflect the vast majority of layoffs seen in the last two weeks. Here's a guide to interpreting jobs reports -- and all their quirks -- in the coming months amid Covid-19 bloomberg.com/news/articles/…

Orders and employment at U.S. factories contracted in March at the quickest pace in 11 years trib.al/88X7qcq

Breakdown of responses on the ISM New Orders Index, very surprised this wasn't worse:

Loan applications to buy U.S. homes decline to lowest since 2016 trib.al/WoW7eAC

World Bank estimates the pandemic will prevent almost 24 million people in East Asia and the Pacific alone from escaping poverty this year bloom.bg/2yggLli

What happens to labor force participation after the virus abates? A strong job market has pulled folks off the sidelines, benefiting less skilled workers, those with breaks in work history, minorities. It would be awful if gains are lost. bloomberg.com/news/articles/… via @economics

For several days, the question among monetary policy wonks had been "Will the IMF use an allocation of SDRs to inject liquidity into the world economy? Or will it use swap lines?" On Thursday, the fund said "yes" to all the above. Story w/ @jeffkearns bloomberg.com/news/articles/…

U.S. Jobless Claims & Forecast Range -- 1960 to Present: (Before & After Coronavirus)

All new and upcoming NBER Working Papers relating to the coronavirus are to be available free of charge, including three new papers released this week: nber.org/papers/w26866, nber.org/papers/w26867, and nber.org/papers/w26882

Our research shows 50% of small businesses have less than 15 cash buffer days @tgarcianyc of @Marketwatch on small business in the face of COVID-19. institute.jpmorganchase.com/institute/rese…

Global container giant says the coronavirus crisis hasn’t upended trade routes bloomberg.com/news/articles/… via @CHRWIENBERG

Hopes for united fight against coronavirus recession hurt by nations’ go-it-alone style washingtonpost.com/us-policy/2020…

How bad could things get for the global economy this year? Check out this chart by @ZSchneeweiss. It superimposes the IIF's projection for this year on the IMF's historical growth data. 😨😨😨

The IMF said it expects a global recession this year that will be at least as bad as the downturn during the financial crisis, and it could be WORSE. My story w/ @jeffkearns bloomberg.com/news/articles/… via @markets