Ungated Post | 31 Jul 2020
US Recovery Tracker – the economy needs a booster shot

- Our Recovery Tracker rebounded slightly in the week ended July 17, rising 0.6ppts to 76.9. While the small weekly gain is no doubt encouraging, demand and employment – key pillars to this recovery – are showing some worrying fissures just as Congress is debating (and delaying) additional fiscal aid
- After a very rapid first phase of the recovery, the economy has entered the second rehabilitation phase with much less momentum and a dire need for further fiscal support. As Federal Reserve Chair Jerome Powell stressed at the FOMC press conference, policymakers should make it a priority to address the mismanaged health crisis and provide indispensable fiscal aid to the most vulnerable segments of the economy
Tags:
You may be interested in

Post
BIS Oxford Economics to be rebranded as Oxford Economics Australia
Over the past six years we've maintained the unique modelling and analysis that clients and the media have come to rely on from BIS Shrapnel while incorporating Oxford Economics' rigorous global modelling and analytical framework to complement it," said David Walker, Director, Oxford Economics Australia.
Find Out More
Post
Introducing our renovated African Forecasting Service
From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.
Find Out More
Post
Our new global trade service: TradePrism
TradePrism is the most comprehensive forecasting service for trade. Offering 1200 product-level forecasts of trade between 46 major economies, and high-level indicators for an additional 137 economies delivered through an interactive data visualisation platform allows organisations to understand the key trends across global trade.
Find Out More