Europe Leads, U.K. and U.S. Lag as Recovery Divergence Increases

(Bloomberg) -- The recovery for most major advanced economies continues at a rapid pace but few have approached pre-virus levels of activity, and divergence between countries has increased, according to Bloomberg Economics’ daily activity gauges. European countries such as Germany, France, Italy and Spain have made the most progress, while activity is recovering much more slowly in the U.K., Canada and the U.S. The recovery in Japan remains sluggish, after having leveled off at the beginning of June.

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