An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in SeattleThe coronavirus pandemic has inflicted serious damage on the global economy, and Goldman Sachs brings the receipts.
Fourteen charts help illustrate how much global activity has fallen since the outbreak of the virus, from movie box office revenue to international travel. Goldman's coronavirus US Industrial Tracker was down 19% last week, while its US Consumer Activity Tracker was down 73% year-over-year.Goldman Sachs has created a coronavirus Global Activity Tracker that helps measure the severity of the economic damage being caused by the coronavirus pandemic. For the week of April 18, Goldman's US Industrial Tracker was down 19% year-over-year, while its US Consumer Activity Tracker was down 73% year-over-year.
From movie ticket sales to air traffic to a Twitter Economic Sentiment Index, here are the fourteen charts Goldman Sachs is watching to gauge the global economy in the midst of a pandemic.Goldman's China Industrial Activity Tracker fell to -11% for the week, while the US Industrial Activity Tracker hovered at -19%.Consumer activity has been on the rebound in China, down 25% year-over-year, which is an improvement from the 70% decline in late January.
schwingcat I don’t need to see a chart to know.
'The economy' is an invention made by humans. It will survive and thrive once humans contain the COVID19 The wealthy hate being inconvenienced.