This Week's State Of The Economy - What Is Ahead? - 31 July 2020

Date: 11 August, 2020 | By : 

U.S. - While Risk Remains, The Worst Appears to Be Behind Us

  • The resurgence in COVID-19 in much of the Sun Belt appears to have topped out, although cases are rising faster in some smaller mid-Atlantic states and in parts of Europe, Asia and Australia.
  • Real GDP declined in line with expectations, plunging at a record 32.9% annual rate.
  • Jobless claims rose for a second consecutive week, and continuing claims also increased.
  • Consumer confidence faltered as the second wave of COVID-19 infections triggered a pullback in economic engagement.


Global - Q2 GDP Data Shows Impact of COVID-19

  • As expected, Mexico’s economy contracted significantly in the second quarter. The effects of COVID-19 and collapse in oil prices weighed heavily on the economy in Q2, while a lack of fiscal policy support from the current administration adds challenges to Mexico’s growth outlook going forward.
  • GDP data were released across Europe as well, with the German economy recording a third straight quarterly contraction. Eurozone GDP performed roughly in line with expectations, recording a large decline in Q2. Despite the large contraction, we are optimistic on the Eurozone economy’s prospects for the second half of the year.


Download Full Report


Subscribe To Our Newsletter

85 AC Lot Off SH-288 At FM 1462 | 1.5 Acres on 14329 Main St (ALT 90), Houston, TX 77035  | 6 Acres land at 1539 Lawson Rd, Rosharon, TX 77583 |   Meadow Park Tower For Sale in Dallas | Wholesale Price Cleaners For Sale in Houston

12910-12918 Malcomson For Sale in Cypress | 12910-12918 Malcomson For Lease in Cypress

Retail Center For Sale - Texas | Multifamily Land Properties For Sale - Texas | Commercial Land Properties For Sale - Texas | Office Building For Sale - Texas | Retail Center Space For Lease - Texas| Property For Sale | Property For Lease | Hire Us For Commercial Real Estate Service

Commercial Property Dallas | TC Global Commercial Real Estate  

Blog Search

Signup! It's free

* indicates required

Blog Categories