Wednesday, October 7, 2020

McKinsey — Global Economics Intelligence executive summary, September 2020

Analysts are remarking on the “spikiness” of many high-frequency economic indicators in the present downturn. The path to recovery has not been smooth, partly because the main source of this downturn does not lie within the economic cycle per se, but rather within the restrictions governments implemented to stop the spread of the virus. A delayed ebb and flow of economic activity can be expected where the virus resurges and countermeasures are reimposed. Executive respondents to McKinsey’s latest survey of economic conditions seemed to take cognizance of the unevenness, while expressing more hopeful views on the global economy nonetheless.
Rocky road.


See also

Calculated Risk
Update: Framing Lumber Prices Up 65% Year-over-year
Bill McBride

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