The Pandemic Has the Euro Area and U.S. Trading Places

(Bloomberg Businessweek) -- The major economies of the euro area have been rebounding from the recession caused by the Covid-19 pandemic at a faster pace than the U.S.’s, according to indexes developed by Bloomberg’s economists using high-frequency data such as demand for electricity and usage of public transportation. That’s a departure from a decades-long trend in which the economy of the euro area has largely underperformed that ...