(Bloomberg) --
Welcome to Monday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the week:
- The past century of global economic integration through trade has been a steady march of progress -- all spinning a web of commerce so intricate that it spawned a new science: Supply chains
- Economic sentiment in the euro area plunged the most on record after the furious spread of the coronavirus forced businesses to shut, and prospects dwindled that life will return to normal any time soon
- The German government's economic advisers predict that the coronavirus pandemic will give the nation its worst recession since the global financial crisis
- Singapore's central bank took unprecedented easing steps Monday to support its trade-reliant economy, which is being slammed by the outbreak
- Meanwhile China's central bank cut the interest rate it charges on loans to banks by the biggest amount since 2015 as authorities ramp up their response to the worsening economic impact from the pandemic
- With the world economy on the cusp of a deep recession, central banks and governments are racing to deliver stimulus. But is it enough? Tom Orlik and the team at Bloomberg Economics survey the scene of government and central bank pledges
- Nobel laureates and former central bankers are hailing Prime Minister Boris Johnson's economic response to the coronavirus as world class, although they expressed concern it could be undermined if the nation's health policies prove less effective
- The crisis is proving a test case for contrasting social models, as governments in the U.S. and Europe pursue different policies to cushion their economies from much the same shock
- Before the pandemic, one Spanish hotelier thought he wasn't building enough hotels to capitalize on the tourism boom. Now, his only guests are doctors and nurses fighting the deadly disease
- Finally, here's our wrap of what else is coming up in the world economy this week
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