Daily Archives: Jul 7, 2020 at 07:35 am EDT

Will The US Economic Rebound Continue?

The US economy is growing again. The growth to date is largely due to the snap-back effect that followed a sudden, sharp decline in output, but recent data clearly show that the coronavirus recession has bottomed and a recovery is unfolding. The mystery is whether the recovery will persist. The primary reason for the mystery, of course, is the uncertainty linked to Covid-19.

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Macro Briefing | 7 July 2020

Fauci is cautious on outlook for Covid-19 vaccine: MW
Atlanta Fed chief: economic rebound leveling off in some regions: Bloomberg
White House releases list of companies that received bailout loans: CNBC
Supreme Court rules that states can punish Electoral College voters: CNN
OECD projects jobless rate to rise to highest since Great Depression: WSJ
Big Tech in Hong Kong stops processing gov’t requests for data: NY Times
German industrial output rebounded in May: Reuters
ISM Non-Mfg Index rises sharply for June, posting solid gain: ISM
US sentiment-based GDP proxy shows strong rebound in June vs. May: IHS Markit