What to make of the GM closures? I talk to @NAB Tapas Strickland about the motor industry, the bounce back in oil, next moves by the Fed and hopes of an Italian surrender.
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.