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The world is emerging from lockdowns that resulted in the most severe contraction since the Great Depression.
The FT’s new global economic recovery tracker uses alternative data to get a first glimpse of the rebound. Here’s what we’ve found so far 👇: on.ft.com/2P0ywdq
🔨Employment
Millions have lost their jobs, but postings on Indeed.com suggest that a labour recovery has barely started.
In countries such as the US unemployment has been deeper, but the uptick in new postings has been stronger ft.com/content/272354…
🛍️Consumer spending
Household spending makes up the largest part of most countries’ economies. Google Mobility data, which tracks footfall, shows that people have returned to spending venues, meaning consumers are regaining confidence — in some countries ft.com/content/272354…
🎞️Cinemas
Consumers around the world are slowly returning to cinemas which, like a large part of the entertainment sector and other indoor venues, have been hard hit ft.com/content/272354…
🏭Pollution
The pandemic has disrupted factories, supply chains and demand for goods. Pollution, a measure largely associated with industrial emissions, has dropped during the lockdowns, but it is beginning to rise again as economies reopen ft.com/content/272354…
✈️Travel
Tourism was one of the sectors worst hit by travel bans: global arrivals are set to shrink by between 58% and 78% this year. Flights and hotel occupancy are still down, but some countries are starting to recover, especially in the Mediterranean
ft.com/content/272354…
🇨🇳China
The world’s second-largest economy was the first to be severely disrupted by coronavirus — and was the first to begin to recover. The FT’s own index shows China’s economy has fallen back after showing steady improvement since February’s low ft.com/content/272354…
💰📈The FT’s global economic recovery tracker will be continuously updated with an early snapshot of which sectors and countries are recuperating from the coronavirus crisis — and which are still struggling. Read more here ⏬
ft.com/content/272354…
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