- Our Recovery Tracker fell 0.7ppts to 76.5 in the week ended July 24. Four of the tracker’s six sub-categories declined, with the health index leading the way lower. Risks remain clearly tilted to the downside as more than 60,000 new Covid-19 cases were recorded per day and the economy eagerly awaits another virus relief package.
- Four months after the CARES Act was signed into law, multiple dimensions of the recovery now look constrained. With a health solution still out of reach and the rebound looking fragile, fiscal stimulus is urgently needed to prevent the economy from sliding back into a downturn. Lawmakers can mitigate unnecessary damage by striking a new stimulus before their August recess.
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