Wreckage of Global Economy Now Looks Even Worse to IMF: Eco Week

Wreckage of Global Economy Now Looks Even Worse to IMF: Eco Week

June was the most open month in most of Europe after the lockdown, and a slew of activity indicators will give investors and policy makers a glimpse of how the economies are coping.. The European Central Bank will also publish the accounts of its June meeting, which saw policy makers decide to expand the pandemic bond-buying program beyond market expectations.. Hungarian and Czech policy makers are expected to hold interest rates, while Turkey's central bank is forecast to reduce its benchmark interest rate by another 25 basis points to 8% on Thursday, after a cumulative 1,575 basis points in cuts over the previous nine meetings.. For more, read Bloomberg Economics' full Week Ahead for EMEA. For more, read Bloomberg Economics' full Week Ahead for the U.S.. New Zealand's central bank has a policy announcement on Wednesday after data showed the economy is in its first recession since 2010.. Thailand's central bank meets later that day, with economists not expecting additional moves, according to early survey responses.. For more, read Bloomberg Economics' full Week Ahead for Asia.