News / June productivity rebound suggests a return to growth, but it's bumpy ahead

© Florin Seitan

Economic figures for June indicate that the global economy appears to have turned the corner from the hit from Covid-19, with trade and production volumes trending up on both sides of the Pacific Basin.

However, recovery is expected to be bumpy in the coming months as the surge in Covid-19 infections in multiple economies impacts economic activity.

US manufacturing officially returned to growth in June, with the Institute of Supply Management’s purchase managers’ index (PMI) breaking through the 50-point mark that denotes ...