News

The World In A Week – Interim Update

23rd July 2020

President Trump has finally confirmed that things will get worse before they get better, when he delivered an update on the coronavirus in the US.  This is not new news, but it may stoke the fire of fear and, in turn, that could mean a negative economic response.  That is why there was a meeting between the House of Representatives’ Speaker and the Treasury Secretary, to discuss the next fiscal stimulus plan.

This will be the fifth in the series of economic stimulus packages and it comes with a smidgen of urgency behind it.  The additional unemployment benefit payments in the US are due to expire at the end of July. The fear is that the economy would not react well to a cessation of these important payments.

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All the data contained in the communication is believed to be reliable but may be inaccurate or incomplete.  Unless otherwise specified all information is produced as of 23 July 2020.