Stock markets rally as some countries prepare to ease Covid-19 lockdowns – business live – The Guardian, Theguardian.com
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Equities have rallied across Asia-Pacific bourses already, with Japan’s Nikkei
(gaining 2.8% and China’s
The chancellor, Rishi Sunak, will underline the costs of shuttering the economy to tackle the crisis on Monday, as he makes a statement to the House of Commons on the Treasury’s response to the crisis. He will point to forecasts by the independent Office for Budget Responsibility that suggested a three-month lockdown could lead to (a catastrophic) % decline in GDP in the second quarter of the year. Sunak is among those cabinet ministers who have been keen to see some businesses reopen, and officials have been working on proposals for deciding which should come first – based on how easy it would be for them to work safely, and how critical they are to the economy.
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