A year ago, the US economy plunged into the deepest and fastest economic contraction since WWII. This year, improving health conditions, expanding...
Australia | State budgets complementing sharp fiscal response
Posted by Tyson Goddard on Feb 17, 2021
The withdrawal of stimulus by the state and territory governments will be a little more gradual than the federal government; there will be a sharp...
US | Stimulus may heat up the economy, but won’t burn it
Posted by Gregory Daco on Feb 11, 2021
The debate around the economy’s need for Biden’s $1.9tn American Rescue Plan (ARP) is heating up. A few prominent economists recently argued that...
How much fiscal stimulus ahead of the elections | U.S.
Posted by Gregory Daco on Oct 14, 2020
The pre-election uncertainty surrounding a fiscal stimulus package could represent a watershed moment for the US economy as fiscal stimulus is...
Durable Goods – August 2020 | U.S.
Posted by Oren Klachkin on Sep 25, 2020
Durable goods orders rose 0.4% in August, yet the 4th successive monthly gain was much slower than the 11.7% July advance. Core orders and...
Entering troubled policy waters | U.S.
Posted by Oxford Economics on Sep 25, 2020
Last week, the Fed made clear that it would do its part to support the economy for the long haul, providing powerful dovish forward guidance. This...
United States Chartbook - September 2020 | U.S.
Posted by Oxford Economics on Sep 21, 2020
The economic recovery is well underway, but its speed and durability are now in question. Fiscal aid is dwindling, flu season is fast approaching,...
Philadelphia Fed Business Outlook – September 2020 | U.S.
Posted by Oren Klachkin on Sep 17, 2020
The third consecutive monthly decline of the Philly Fed manufacturing index in September signals regional activity is gradually falling in line...
Fading federal pandemic support is hurting households | U.S.
Posted by Oxford Economics on Aug 26, 2020
Payments for unemployment benefits will fall sharply in August, rebound in September but drop again in October in the absence of a new coronavirus...
United States Chartbook - August 2020 | U.S.
Posted by Oxford Economics on Aug 21, 2020
The US economy is at a critical juncture in its recovery. Importantly, after a rapid first phase of recovery, the economy has now entered the...