Eurozone Recovery Tracker gains ground after a holiday dip
Our eurozone Recovery Tracker rose 1.4pts to 80.3 in the two weeks ending January 9. We view the reading with a bit of caution, as it may reflect a reflexive rebound following the Christmas dip rather than the start of a steady improvement, as high-frequency data tend to be noisy at the start of the year.
What you will learn:
- The major factor behind the rise was a recovery in mobility, driven mainly by a seasonal rise in movement in workplaces after the holidays.
- Although we expect the Omicron wave to be sharp but short, health metrics in several countries indicate infections have yet to peak.
- Consequently, we anticipate continued voluntary social distancing and absenteeism due to self-isolation measures.
Tags:
Related research
Post
Little by little—Manchester is closing the output gap
Greater Manchester has led the UK economy since 2008, driven by knowledge jobs, transport upgrades, and housing growth—but can prosperity reach its outer districts?
Find Out More
Post
Asia’s cities are reshaping the world
From Seoul to Delhi and Shanghai, Asia’s urban centres are rapidly overtaking global rivals as living standards soar. What will this mean for the balance of global economic power?
Find Out More
