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Upwards revisions to expectations for manufacturing sector pushes up Q3 nowcast

The EIU nowcast for the US economy for Q2 2020 weakened marginally to -8.00% (quarter-on-quarter) as of last week, compared with -7.97% during the week ending July 17th..

Covid-19 Series: Long term care in the UK

About a quarter of Covid-19 deaths in the United Kingdom have occurred in care homes. Whilst a steady decline in hospital deaths is a sign of recovery and control for most of the population, Covid-19 remains rife in care facilities across the UK. Unsurprisingly, Covid-19 is disproportionately affecting members of society that are already frail and vulnerable to infection. .

Covid-19 Series: Using a Pandemic to Improve Health Literacy

Health literacy measures a person’s ability to understand how to achieve and maintain good health. During the covid-19 pandemic, poor health literacy has hindered people’s ability to comprehend and adhere to necessary lockdown measures. Overcoming barriers to understanding, improving access to trustworthy information and challenging misinformation can help individual health decision-making and have incalculable benefits for public health. .

Europe brief: leaders agree on post-pandemic recovery fund

Following a record 90‑hour negotiation, EU leaders agreed on July 21st on a €750bn (US$869bn) post-pandemic economic recovery fund and a 2021‑27 budget worth €1.07trn (US$1.24trn). .

Weaker than expected Q2 data pushes up Q3 growth nowcast

The EIU nowcast for the US economy for Q2 2020 weakened to -8.55% (quarter-on-quarter) as of last week, compared with -8.00% during the week ending July 24th..

EU concerns about Chinese policy hinder co-operation

On July 28th the Chinese vice-premier, Liu He, and the executive vice-president of the European Commission (the EU’s executive branch), Valdis Dombrovskis, remotely chaired the eighth High-Level Trade and Economic Dialogue (HED)..

Covid-19 Series: Long-term effects

Covid-19 is likely to have a long term impact on the health of both individuals and healthcare systems far beyond 2020. Ongoing research is discovering potential long-term impacts of covid-19, but at this stage of the pandemic the long-term effects remain largely unknown. .

Modest recovery in the labour market and business sentiment lift Q3 nowcast

The EIU nowcast for the US economy for Q3 2020 improved to 3.83% (quarter-on-quarter) as of last week, compared with 3.06% during the week ending July 31st. .

UK records largest-ever quarterly fall in Q2 GDP

Seasonally adjusted real GDP contracted by 20.4% in the second quarter, the largest quarterly fall ever recorded, according to estimated figures from the Office for National Statistics (ONS). In June real GDP rose by a monthly 8.7%, but remained 17.2% below its pre-pandemic level..

Automotive jobs: going, going, gone

On July 30th The Society of Motor Manufacturers and Traders (SMMT), the UK’s top automotive industry lobby, said that just under 11,500 jobs had been lost during the year so far owing to the novel coronavirus (Covid-19)..

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