Ungated Post | 28 Aug 2020
US Recovery Tracker builds some momentum in mid-August
Our Recovery Tracker rose 1.1ppt for a second consecutive week, reaching 79.1 in the week ended Aug 14. Growth in four of the six dimensions points to relative resilience. But given the fiscal aid impasse, the unchanged demand tracker since the end of July and weakening employment gains are worrisome.
Five months into the coronavirus crisis, some sectors have made significant progress but are struggling to regain their pre-Covid luster. While the expiry of the federal top-up to jobless benefits hasn’t led to a sharp fallback in spending, the stalling recovery is an important risk at this stage in the recession. Further, the rebound could adopt a K-shape with those fortunate enough to be able to work remotely and benefit from stock market gains still spending, and those dependent on further fiscal aid experiencing severe income difficulties.
Tags:
You may be interested in
Post
Oxford Economics enhances its real estate solutions with the addition of MSCI data
Oxford Economics is delighted to announce a significant product enhancement to its Real Estate Economics Service and Global Economic Model, with the addition of MSCI historic real estate index data.
Find Out More
Post
From Floppy Disks to AI: A Fireside Chat with Adrian Cooper, CEO of Oxford Economics
Discover the journey of Adrian Cooper, CEO of Oxford Economics, in shaping the firm into a global leader, along with his insights and vision for the future in an exclusive interview.
Find Out More
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 More