(Bloomberg) –
Welcome to Europe on Monday. Here’s the latest news and analysis from Bloomberg Economics to get you started to the day:
- Avid world travelers are quick to discover that their choice of vaccine could determine where they can go. Hong Kong and Singapore are announcing an attempted travel bubble at the latest, with a revival of those plans for May 26th
- Prime Minister Mario Draghi goes to Parliament on Monday to unveil details of his € 222 billion ($ 267 billion) plan to transform the Italian economy, a test of the European Union’s Post-Pandemic Recovery Fund
- The world’s largest Covid crisis is raging in India, threatening Prime Minister Modi’s influence on power and burdening the economy again. The US is among those sending resources to the devastated land
- The Chinese economy continued its surge in April on the back of record growth at the beginning of the year, aided by exports and rising business confidence
- The Bank of Japan is expected to leave monetary stimulus unchanged on Tuesday and its economic outlook to be in the spotlight after a renewal of the state of emergency
- US GDP numbers for the first quarter and the Federal Reserve’s midweek meeting will take center stage this week in a busy environment for the global economy
- The Federal Reserve is expected to begin slashing its $ 120 billion monthly asset purchases before the end of the year as the U.S. economy rebounds sharply from Covid-19, according to economists polled by Bloomberg
- Joe Biden is banking on $ 100 billion to provide a lifeline to rural America and boost the economy as a whole by bringing high-speed internet to all Americans
- Chile’s president will propose his own bill to allow workers to tap into their retirement funds for the third time during the pandemic and change course after opposed a similar proposal approved by Congress
- North Korea’s economy is barely growing amid ongoing pain in Covid
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