From Europe To Japan To South Korea, Economic Gloom Is Pervasive

A raft of disconcerting data out Friday draws a line under the damage inflicted by the crisis in April, making the case for more accommodation from central banks and additional relief measures from governments. In Europe, headline inflation slumped to just 0.1%, even as food prices rose. The latest read is the lowest in four years, and likely cements the case for the ECB to add to purchases under the pandemic facility next week. Updated ECB forecasts due at next week's meeting will likely c