Alternative Data Show Slow Recovery in Europe, U.S. Lags

Alternative Data Show Slow Recovery in Europe, U.S. Lags

Economic activity is stabilizing across most advanced economies, though still far below pre-Covid levels, according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use, travel and location information. Norway, Germany and Japan remain at the forefront of the recovery. After a temporary downturn in France, Italy, and Spain on concern about fresh outbreaks, activity there has increased in the past two weeks. Sweden has recently joined the group of the laggards -- the U.S., U.K., and Canada.

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