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Brazil’s current account posted a USD 868bn surplus, compared to a deficit of USD 2.7bn in March 2019
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Brazil’s Current Account Posts Surplus for the First Time in 2020

Brazil’s current account posted a USD 868bn surplus, compared to a deficit of USD 2.7bn in March 2019
​ The weekly jobless claims in the US continue to slow down for a third consecutive week, although they are still on a historically high level. Over 4.4mn Americans have requested unemployment benefits in the week ending on April 18, bringing the total figure to 26mn since the outbreak of COVID-19 in the US. In the previous week, they amounted to 5.2mn. At the end of March, the weekly jobless claims skyrocketed to 6.9mn, which was the highest level since records began, but subsequently, they slowed down.
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US Weekly Jobless Claims Slow Down For a Third Consecutive Week

The weekly jobless claims in the US continue to slow down for a third consecutive week
The Composite PMI plunged to 13.5 compared to 31.4 in March 2020
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Economic Activity in the Euro Area Continues to Deteriorate

The Composite PMI plunged to 13.5 compared to 31.4 in March 2020
The Philippines narrowed its trade deficit substantially to USD 1.7bn in February 2020
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The Philippines Narrowed its Trade Deficit in February 2020

The Philippines narrowed its trade deficit substantially to USD 1.7bn in February 2020
The Brazilian Central Bank’s economic activity index climbed 0.35% m/m in February
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Brazil’s Economic Activity was on an Upward Path In February 2020

The Brazilian Central Bank’s economic activity index climbed 0.35% m/m in February
The IMF expects that the global economy will sharply contract in 2020
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The IMF Expects 3% Contraction of the Global Economy In 2020

The IMF expects that the global economy will sharply contract in 2020
China’s real GDP contracted sharply by 6.8% y/y in Q1 2020 for the first time on record
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Chinese Economy Contracted in Q1 2020 for the First Time on Record

Kan Mingfang - CEIC China Research Economist