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Covid 19: US Economic Recovery Tracker
Covid 19 is a health problem which also represents a major threat to the U.S. economy. Differing views on trading economic loss for health security, or vice versa, have become increasingly contentious. While I’m personally inclined towards prioritising health issues, I realise that this needs to be balanced against economic security. Part of the problem is getting an objective grip on how the economy is faring under the weight of Covid 19 restrictions.
While by no means the answer to understanding the full (or personal) economic impacts of Covid 19 an economic dashboard, put together by Bloomberg, provides a relatively simple overview of where things economic are at. The tool, optimistically named the Economic Recovery Tracker, charts the progress of a number of elements of the ‘real’ economy (the part responsible for producing goods and services as opposed to financial services).
Using a 5-step colour code from ‘Better’ to ‘Worse’ it measures the week to week status, since Jan 24, of ten down-to-earth parts of the economy like jobless claims, steel production, public transport usage, store sales or electricity demand. It also includes a couple of financial indicators along with Covid new cases and an index measuring the week to week level of lockdown.
Below is a static copy of the Tracker. The original includes numerical values which show by hovering your mouse over segments of the chart.
The original is at: Bloomberg - Are you a robot?
OB
Covid 19 is a health problem which also represents a major threat to the U.S. economy. Differing views on trading economic loss for health security, or vice versa, have become increasingly contentious. While I’m personally inclined towards prioritising health issues, I realise that this needs to be balanced against economic security. Part of the problem is getting an objective grip on how the economy is faring under the weight of Covid 19 restrictions.
While by no means the answer to understanding the full (or personal) economic impacts of Covid 19 an economic dashboard, put together by Bloomberg, provides a relatively simple overview of where things economic are at. The tool, optimistically named the Economic Recovery Tracker, charts the progress of a number of elements of the ‘real’ economy (the part responsible for producing goods and services as opposed to financial services).
Using a 5-step colour code from ‘Better’ to ‘Worse’ it measures the week to week status, since Jan 24, of ten down-to-earth parts of the economy like jobless claims, steel production, public transport usage, store sales or electricity demand. It also includes a couple of financial indicators along with Covid new cases and an index measuring the week to week level of lockdown.
Below is a static copy of the Tracker. The original includes numerical values which show by hovering your mouse over segments of the chart.
The original is at: Bloomberg - Are you a robot?
OB
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