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 Invests £2 Million in The Data City to Drive AI-Powered Business Intelligence
Oxford Economics is pleased to announce a £2 million investment in The Data City, a UK based cutting-edge real-time company classification platform.
Find Out More
Post
Oxford Economics Launches Megatrends Scenarios Service
Oxford Economics releases its first Megatrends Scenarios service, providing critical insights into the future of the global economy.
Find Out More
Post
Quantum Computing could boost UK productivity and GDP growth, but government support is crucial
New research from Oxford Economics, published today, predicts that quantum computing could give the UK an economy-wide productivity boost of up to 7% by 2045 – equivalent to every worker achieving an additional three weeks’ worth of productivity per year without working an extra hour.
Find Out More