| Today's Economy
Geopolitical Risk Calendar: U.S. Pandemic Economic Relief Peaking Without the aid, GDP would be about 7.5% smaller in the second and third quarters. Asia-Pacific Daily Briefing: China's Floods Will Be a Temporary, Regional Hit China's past floods have caused only a small and transitory impact on CPI. Europe Daily Briefing: Uneven Vaccination Trends Could Spell Trouble More than half of Europeans are vaccinated, but the 70% target may not be reached by autumn. Economic Roundup: All Noise, No Signal Increase in initial claims is no cause for concern and not tied to the COVID-19 Delta variant. » VIEW MORE TODAY'S ECONOMY
Commentary
APAC Economic Outlook: The Delta Roadblock Social distancing is weighing on the current quarter, but recovery will resume by year's end. Asia-Pacific Weekly Highlights and Preview, 23 July, 2021 South Korea's GDP has likely slowed as COVID-19 infections rise. Europe Weekly Highlights and Preview, 223 July, 2021 Preliminary estimates of second-quarter GDP growth in the euro zone should show output rose 1.5% q/q. Latin America Weekly Highlights and Preview, July 23, 2021 The severity of the pandemic hindered recovery in the first half of the year. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Jun. 2021: 0.54% m/m
U.K. retail sales recovered by 0.5% m/m in June and were up 9.5% compared with precrisis levels. Canada
Retail Trade
May. 2021: -2.1% m/m
Ongoing COVID-19 struggles in the spring held back Canada’s retail segment again in May. Mexico
Retail & Wholesale Sales
May. 2021: 29.7% y/y
Retail stores in Mexico reported an annual rebound in sales in May as the comparison base amplified the growth rate. Russian Federation
Monetary Policy
Jul. 2021: 6.5%
The persistent acceleration in inflation has prompted the Central Bank of Russia to implement its fourth consecutive key policy rate hike at its July meeting. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
July 21: 92.0
The CNN Business/Moody’s Analytics Back-to-Normal Index improved this week, though at a smaller clip than anticipated. » VIEW MORE ECONOMIC INDICATORS | 
