Just how serious will the economic impact of the coronavirus be? Amid vast uncertainty, some very large numbers are flying around, and there’s a lot of confusion over what they mean. Peering through this fog, it’s worth noting: Authoritative official forecasters are far more pessimistic in the short term than most private-sector analysts. When Goldman Sachs, for instance, recently said ...

Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The US government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including ...

It’s still early days in this pandemic, but not too early to venture a prediction: Germany and its chancellor, Angela Merkel, will come out of it looking quite good. What’s more, she may look even better as the outbreak enters its second phase, in which lockdowns gradually yield to uneasy resumptions of social and economic life. That’s because this pandemic ...