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High-Frequency Data Suggests Europe’s Recovery Is Stalling 

Courtesy of ZeroHedge View original post here.

Economic activity in Europe is stalling as nineteen European countries have recently reported increasing confirmed COVID-19 cases. The shape of the recovery is transforming from a so-called "V-shaped" to more of a "Nike swoosh." 

The latest high-frequency data from Europe is giving way to renewed gloom in the back half of the year as hopes for a robust recovery wane. 

High-frequency data reveals Europe's recovery stalled in July. 

h/t Bloomberg 


 

High-frequency data from advanced economies shows much of the same: The recovery is plateauing. 

h/t Bloomberg 


 

Global macro is having trouble beating to the upside in mid-August.

The global economic recovery appears to be running out of steam ahead of the US presidential election.


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