News Snapshot:
The full lockdown of Shanghai and COVID curbs on hundreds of millions of consumers and workers in dozens of China’s cities have inflicted economic pain across a range of sectors, adding to fears the economy could shrink in the second quarter. The restrictions, increasingly out of step with the rest of the world, which has been lifting COVID rules even as infections spread, are also sending shockwaves through global supply chains and international trade. Economic activity has probably been improving somewhat in May, analysts say, and the government and central bank are expected to deploy more stimulus measures to speed...
