| Today's Economy
Economic Roundup: Keeping Tabs on States Opting Out of Federal UI Programs Unemployment insurance benefits boast one of the largest economic bangs for the buck. Capital Market View: Let's Talk About Stagflation The U.S. is not experiencing stagflation and it won't over the next few years. LatAm Daily Briefing: Low on Resilience Several countries in Latin America are still dealing with both a severe third wave of infections and slow progress in inoculations. Europe Daily Briefing: Danish Retail Takes a Step Back Danish households took a breather on spending as the pandemic persisted in April. » VIEW MORE TODAY'S ECONOMY
Commentary
Evaluating Africa COVID-19 Exposure Scores Vulnerability measures developed in early 2020 had mixed success predicting economic performance. Global Vaccine Tracker: Uneven Progress German biotech company CureVac expects to see its new mRNA vaccine approved by the European Medicines Agency this week. U.S. Chartbook: Raring to Go Growth is poised to pick up, but prices bear watching. U.S. COVID-19 Tracker Update: States Ditch Federal UI Benefits Program Twenty-three states will end the $300 weekly supplement in either June or July. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
Retail Sales
Apr. 2021: -7.7% m/m
Denmark's retail sector fell back to Earth after March's massive rebound coinciding with the reopening of shops. Sweden
Unemployment rate
Apr. 2021: 9.1%
Sweden’s seasonally adjusted unemployment rate fell to 9.1% in April from 9.5% in March. United States
MBA Mortgage Applications Survey
May 21: -4.2%
Mortgage applications declined 4.2% in the week of May 21 after increasing 1.2% the week before. Mexico
Economic Activity Index
Mar. 2021: 0.8% y/y
Economic activity in Mexico advanced strongly in March from the previous month as businesses reopened after a transitory closure in February. Mexico
GDP
2021Q1: -3.6% y/y
Mexico’s economy advanced in the first quarter, although at a more moderate pace given the slowness of domestic demand. United States
Oil Inventories
May 21: 484.3 mil barrels
A larger-than-expected decline in crude oil stocks should apply some upward pressure on prices. Argentina
Retail Sales Index
Mar. 2021: 140.6% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers jumped 140.6% y/y in March after declining 3% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
