Eurozone | Recovery Tracker shows momentum stalling, not reversing
Our Recovery Tracker recorded a second consecutive mild contraction in the week ending July 25, falling 0.3pts to 85. This suggests momentum may be stalling in the eurozone, but we caution against overinterpretation just yet.
What you will learn:
- Although the financial and labour market components declined, both remain solid
- The contraction shows that a sustained recovery isn’t possible without
strong health fundamentals
- Traveling the final mile to reach pre-pandemic activity levels might prove tricky
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For how long will Japan’s households support bonds and the yen?
Households' financial surpluses sharply increased in 2020 and remained high in 2021 due to the Covid pandemic. Most of the surplus continued to go to cash and deposits, but there was a notable increase in funds going to investment trusts (with a large portion invested in foreign equities) in 2021. Amid rising international yield differentials and a weakening yen, there is market chatter about whether this is the beginning of a structural shift from households' risk-averse investment style?Find Out More