Today's Economy Economic Roundup: EU Approves Historic Stimulus Package The European Union approved a €750 billion stimulus package to fight the COVID-19 shock. LatAm Daily Briefing: Colombian Economy Improved in May Another contraction was reported, but at a slower pace compared with April. Europe Daily Briefing: Europe's New Stimulus The European Council agrees on a new Multi-Annual Financial Framework. Asia-Pacific Daily Briefing: Deflation Fears Remain for Japan A second wave in Australia has prompted the government to extend its income support schemes. » VIEW MORE TODAY'S ECONOMY
Commentary Australia Extends Wage Subsidy Scheme, but With Tighter Conditions Higher unemployment looms as the government tries to balance the economy with COVID-19 measures. U.S. Weekly Highlights and Preview, July 20, 2020 The key data will be existing- and new-home sales, and initial claims for unemployment insurance. U.S. Chartbook: Mixed Messages Recent data show an improving economy, but rising COVID-19 numbers signal trouble ahead. Forecasting COVID-19 Cases: An Update The epidemiological spread of COVID-19 continues to evolve. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada New Housing Price Index Jun. 2020: 1.3% The Canadian housing market continues to march ahead, weathering the economic downturn better than expected. Canada Retail Trade May. 2020: 18.7% Canadian retail began its long road to recovery in May. United States Chicago Fed National Activity Index Jun. 2020: 4.11 The June reading for the Chicago Fed’s National Activity Index showed another sharp uptick in economic activity from April’s historic lows. United States Philadelphia Fed Nonmanufacturing Survey Jul. 2020: 24 Nonmanufacturing activity in the Third District improved at a solid pace in July, buoyed by gains in new orders and revenue. United States CreditForecast.com Household Credit Report Jun. 2020: 3.96% The consumer credit market expanded in June, increasing by $23 billion, the second straight month of increases. » VIEW MORE ECONOMIC INDICATORS |
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