U.S. Recovery Sees Some Momentum After Monthlong Stall
“The latest high-frequency data suggest America’s economic recovery may finally be getting moving again after stalling for a month. Bloomberg Economics created a weekly dashboard of high-frequency, alternative and market-based data to track the economy’s plunge into recession and eventual recovery. New Covid-19 cases have decelerated by the most since the start of the pandemic and applications for unemployment benefits dropped to a pandemic low, though both measures remain extremely elevated. Other data points, such as consumer confidence and the number of airline passengers, incrementally improved.”
Behind Boris Johnson’s Schools Push Is Fear of More Economic Pain
“Prime Minister Boris Johnson’s pledge to make getting U.K. children back to school a “national priority” has a clear rationale — it’s the only way to get their parents back to work. Parents are bearing the brunt of the economic costs of the pandemic as they were forced to look after their children full time under lockdown, official data released this week show.”
Early Signs of India Economic Recovery Wane as Virus Surges
“India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life. Latest data from Apple Inc. and Alphabet Inc.’s Google showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. Elsewhere, high-frequency indicators from purchasing mangers’ surveys to fuel sales show activity leveling off in July. And that’s not all.”
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