Ungated Post | 24 Jul 2020
US Recovery Tracker shifts into reverse

- The foundations to this recovery are cracking under the weight of a mismanaged health crisis. Our Recovery Tracker fell for the third time in five weeks in the week ended July 10. The health index declined for the fourth consecutive week; demand fell for the second consecutive week, its largest decline in four months; and employment was unchanged.
- While the rebounds in retail sales, employment, and industrial production through June were alluring, policymakers should not fall under the spell of rear-view-mirror economics. As of mid-July, the economy is emerging quite frail from its first rehabilitation phase, and the risks of a renewed downfall are real. More fiscal aid and adequate health policy are necessary to ensure a sustainable recovery in H2 2020.
Tags:
You may be interested in

Post
Oxford Economics Launches Megatrends Scenarios Service
Oxford Economics releases its first Megatrends Scenarios service, providing critical insights into the future of the global economy.
Find Out More
Post
Quantum Computing could boost UK productivity and GDP growth, but government support is crucial
New research from Oxford Economics, published today, predicts that quantum computing could give the UK an economy-wide productivity boost of up to 7% by 2045 – equivalent to every worker achieving an additional three weeks’ worth of productivity per year without working an extra hour.
Find Out More
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