Ungated Post | 07 Aug 2020
US Recovery Tracker reveals a fragile economy
- 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.
Tags:
You may be interested in
Post
Oxford Economics introduces new Global Tech Spend Forecasts
Oxford Economics is excited to announce the launch of the Global Tech Spend Forecasts service, offering the most reliable forecasts on enterprise IT spending across 35 industries and 25 countries, with forecasts out to 2050.
Find Out MorePost
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 MorePost
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