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Alternative Data Show Growth Plateauing, Far From Normal

Alternative Data Show Growth Plateauing, Far From Normal

Alternative Data Show Growth Plateauing, Far From Normal

The recovery has stalled in major advanced economies, with some countries hitting a ceiling on activity, below their pre-crisis levels, according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use, travel and location information. Within that general trend, euro-area economies such as Germany, France, and Italy, along with Norway and Japan, are closest to their pre-pandemic readings and Spain is falling behind slightly. The U.K., U.S. and Canada are still far below their levels of activity at the start of the year.

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