Fed Urges Fiscal, Long Slump Down Under, Advanced Stall

Welcome to Tuesday, Asia. Heres the latest news and analysis from Bloomberg Economics to help you start the day:To get more news about WikiFX, you can visit wikifx news official website.
　　Fed officials warned that another round of fiscal relief would be critical for the U.S. economy as lawmakers continued to negotiate the contours of additional aid
　　Australia‘s spiraling Covid-19 outbreak and the closure of large tracts of the southeastern state’s economy is likely to prolong the first recession in almost three decades
　　Alternative data is showing a stalling recovery in advanced economies, writes Bjorn van Roye

　　Amit Shah, the man leading India‘s fight against Covid-19 and Prime Minister Narendra Modi’s top lieutenant, has been among leaders touting the countrys low death rate as a success story
　　New Zealand may see the largest impact of the Covid-19 pandemic on the labor market after Septembers election thanks to government intervention and a shorter-than-expected time spent in lockdown
　　South Koreas consumer prices advanced in July, adding to signs that the downturn from the coronavirus pandemic is bottoming out
　　Tracking Japan recession, Yuki Masujima parses high-frequency data
　　Indian Prime Minister Narendra Modis government is banking on a recovery in rural demand to slow the economys first contraction in four decades. But capricious rainfall may play spoilsport
　　The Bank of England is effectively subsidizing polluting industries in its pandemic rescue program despite claims by Governor Andrew Bailey that tackling climate change is a priority, a think tank said
　　A South Korean court is set to start liquidating assets of a Japanese company to compensate Koreans conscripted to work during colonial occupation, straining ties between two key U.S. partners just as the Trump administration needs their help in countering China