(Bloomberg) — The U.S. housing market is powering ahead while lean business inventories are creating an updraft for shippers and manufacturing — consistent with projections for a third-quarter snapback in economic growth.
The path of the coronavirus, nonetheless, remains a risk to the world’s largest economy, evidenced by the recent struggle with the disease’s resurgence in Europe. Some governments there have reinstated restrictions and that’s caused the recovery to stagnate.
Here are some of the charts that appeared on Bloomberg this week, offering insight into the latest developments in the global economy:
The damage to labor markets from the coronavirus is proving worse than anticipated, according to the International Labour Organization, which also sees a much slower recovery at the end of this year.
Sales of new homes unexpectedly advanced for