French, Italian Economies Hurt Most Under Second Lockdowns

Lockdowns in France and Italy are weighing down public mobility more than in other European countries, according to high- frequency data compiled by Reuters that suggest the two economies will take a correspondingly bigger hit, Reuters reported. Data ranging from use of Apple maps apps to Google’s user location history are proving vital tools for governments, central bankers and investors trying to gauge the economic impact of restrictions, weeks in advance of conventional indicators like consumer spending or industrial output. The French official stats agency INSEE has found that the data Google can collect on how much time people spend at home is particularly closely correlated with how much an economy has slowed during the crisis. Read more