Research Briefing | Apr 2, 2021

US | Recovery Tracker up again as momentum builds

US | Recovery Tracker up again as momentum builds Oxford Economics

The US Recovery Tracker rose 1.1ppts to 87 in the week ended March 19 on broad-based gains across five of the tracker’s six categories. The breadth and persistence of the gains over the past five weeks suggests growing momentum.


What you will learn :

  • While health conditions have improved, the pace of weekly gains has slowed dramatically with some regions experiencing a renewed rise in coronavirus infections.
  • Gains this week were led by rising mobility, with flights at 70% of their pre-Covid levels, commuting about two-thirds, and driving nearing its pre-pandemic level.
  • Demand recouped its pre-Covid level for the first time in this cycle as
    warmer weather led to more restaurant outings, more credit card spending, and stronger housing activity.
Back to Resource Hub

Related Services

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More
China Shenzhen skyline

Post

Why China isn’t about to save the world economy

The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.

Find Out More