Ungated Post | 14 Aug 2020
US Recovery Tracker shows stalled progress nationwide
High-frequency indicators signal the recovery is stuck in a lull.
- Our US Recovery Tracker fell 0.2ppts to 76.2 in the week ended July 31. Declines in demand, health, and mobility outweighed modest improvements in financial markets, production, and employment. The sugar rush from reopenings has clearly faded, with the tracker having fallen five times in the past eight weeks. It’s evident the economy won’t make further real inroads toward recovery until a medical solution to the pandemic is found.
- Executive orders issued by President Trump earlier this week fall short of providing meaningful support to the economy. The lack of funding for small businesses, state and local governments, and necessary health measures will minimize chances of a sustained rebound in our tracker. Without a substantial fiscal package, the virus will continue to depress economic activity, and significant downside risks will persist.
Tags:
You may be interested in
Post
Oxford Economics announces a leadership transition for the next phase of growth
Oxford Economics, the world’s leading economic forecasting and advisory firm, announced today the appointment of Innes McFee as its new Chief Executive Officer, effective 4th December.
Find Out More
Post
Oxford Economics launches enhanced Real Estate Economics Service
Oxford Economics is pleased to unveil its enhanced Real Estate Economics Service, now covering 100 global cities.
Find Out More
Post
Oxford Economics Acquires Majority Stake in Alpine Macro
We're excited to share that Oxford Economics has acquired a majority stake in Alpine Macro, a prominent global investment research firm based in Montreal, Quebec, Canada.
Find Out More
