Ungated Post | 28 Aug 2020
US Recovery Tracker builds some momentum in mid-August
Our Recovery Tracker rose 1.1ppt for a second consecutive week, reaching 79.1 in the week ended Aug 14. Growth in four of the six dimensions points to relative resilience. But given the fiscal aid impasse, the unchanged demand tracker since the end of July and weakening employment gains are worrisome.
Five months into the coronavirus crisis, some sectors have made significant progress but are struggling to regain their pre-Covid luster. While the expiry of the federal top-up to jobless benefits hasn’t led to a sharp fallback in spending, the stalling recovery is an important risk at this stage in the recession. Further, the rebound could adopt a K-shape with those fortunate enough to be able to work remotely and benefit from stock market gains still spending, and those dependent on further fiscal aid experiencing severe income difficulties.
Tags:
You may be interested in
Post
Oxford Economics Leads 2025 Analyst Forecast Awards
We are honoured to receive a total of 103 awards in this year’s FocusEconomics Analyst Forecast Awards. Our team of over 400 economists and analysts demonstrated exceptional forecasting precision in both advanced and emerging economies, including the UK, Italy, Egypt, Brazil, Vietnam and more.
Find Out More
Post
Oxford Economics Launches Global Cities Index 2025
Oxford Economics is proud to launch the 2025 update of the Global Cities Index, which offers an evaluation of the world's 1,000 largest urban economies.
Find Out More
Post
Oxford Economics Launches TradePrism on Snowflake Marketplace to Deliver Global Trade Intelligence in Near Real-Time
Oxford Economics, a global leader in economic forecasting and data analytics, has announced the launch of its TradePrism platform on Snowflake Marketplace, enabling businesses to seamlessly access and integrate trade data and forecasts into their operations in near real-time.
Find Out More