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 Launches Commercial Real Estate Megatrend Resilience Index
Our Commercial Real Estate Megatrend Resilience Index evaluates the resilience of CRE markets in relation to four critical megatrends.
Find Out More
Post
Oxford Economics Unveils Cutting-Edge AI Assistant Tool
Oxford Economics is thrilled to announce the beta launch of its AI Assistant, an advanced artificial intelligence tool designed to enhance client experiences by streamlining access to and analysis of global macroeconomic data.
Find Out More
Post
Oxford Economics ranks top in the FocusEconomics Analyst Forecast Awards 2024
Oxford Economics has once again been recognized as one of the top performers in the 2024 FocusEconomics Analyst Forecast Awards.
Find Out More