The measure could even be understating activity since it doesn’t take into account those who are working remote. The Baltic Dry Index (BDI), a proxy for global shipments and trade, has also exhibited signs of life.
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According to the #China #economicrecovery Index, a GDP-weighted measure of mobility data, 70% of the economy was up and running as of March 9. This compares to the 36% average in the month of February.pic.twitter.com/pybIR9uz55
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