China Growth Tracker: How Fast Is China Reopening?
Bilal Hafeez and Ben Ford
We create a new high frequency index to track China’s rapid reopening. We note that the economy has only just returned to the same activity levels seen throughout 2022.
Emerging Marketssee more…
Flying at Pre-Pandemic Levels
Bilal Hafeez and Ben Ford
Global departures have reached 107,000 per day, levels comparable to 2019, but shy of the levels they were before COVID struck in 2020 (Chart 1).
China Growth Tracker: Is China Recovering?
Bilal Hafeez and Ben Ford
Our indices remain separated with the China re-opening likely to pay dividends to economic data releases further down the line. The convergence seen over the past weeks was due to the market-based tracker scaling back rather than the economic data-based tracker catching up (Charts 1 and 2).
Time to Visit China?
Bilal Hafeez and Ben Ford
While global departures remain above 100,000, they are yet to recover to December highs and are 3% lower since our last report (Chart 1).
