In this post, Sumantra Banerjee discusses key indicators to track economic and financial recovery from the COVID-19 pandemic. These indicators involve business, consumer, and investor sentiment as well as the health of certain industries. Be sure to check out the full article.
With the COVID-19 outbreak forcing a global economic closure, major countries have experienced lows in economic output, business and consumer sentiment, and industry activity. Many countries have seen their curves flatline, and signs have duly pointed to the start of a slow recovery. However, the US continues to see high case numbers, and consumer confidence in the economy remains low. Recovery will likely vary by industry, with some predicted to witness a V-shaped revival and others experiencing fluctuations before returning to pre-COVID levels.
The pandemic and the ensuing economic downturn have also led to volatility in the stock market, as investors experienced high negative sentiment in March, coinciding with the onset of the US shelter-in-place orders. However, like with some economic indicators, the market later displayed positive signs and a bullish recovery.
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