Growth is one of the most important drivers of asset returns. An accurate and timely read of unfolding conditions is critical to investment success. The Augur Labs Timely Underlying Growth Nowcast is an alternative, big-data-driven measure of economic activities; it uncovers the true underlying strength of the economy in a timely fashion.

Global Growth Nowcast as of 2/21/2024
Underlying Growth 1m Change 3m Change 1m History
World 3.0% 0.3% 0.3% 2.858, 2.799, 2.844, 2.868, 2.895, 2.868, 2.994, 2.961, 2.99, 2.9, 2.819, 2.817, 2.846, 2.874, 2.873, 2.89, 2.89, 2.906, 2.945, 2.979, 2.99
Developed World 1.5% 0.9% 1.2% 0.734, 0.664, 0.705, 0.706, 0.789, 0.872, 1.094, 1.143, 1.191, 1.227, 1.24, 1.237, 1.277, 1.295, 1.343, 1.366, 1.453, 1.447, 1.499, 1.513, 1.53
United States 2.2% 1.2% 1.6% 1.132, 1.125, 1.199, 1.174, 1.365, 1.28, 1.578, 1.68, 1.769, 1.775, 1.799, 1.804, 1.814, 1.84, 1.811, 1.819, 2.054, 2.053, 2.155, 2.189, 2.222
DW ex US 1.0% 0.7% 1.0% 0.43, 0.312, 0.327, 0.348, 0.348, 0.559, 0.724, 0.731, 0.748, 0.808, 0.812, 0.802, 0.866, 0.878, 0.985, 1.02, 0.993, 0.983, 0.997, 0.996, 1.0
Euro Area 0.9% 0.2% 0.7% 0.7, 0.511, 0.516, 0.527, 0.389, 0.418, 0.759, 0.765, 0.731, 0.847, 0.797, 0.773, 0.82, 0.821, 0.83, 0.87, 0.887, 0.888, 0.892, 0.887, 0.887
Core -0.1% -0.4% 0.0% 0.368, 0.063, 0.07, 0.068, -0.216, -0.192, -0.153, -0.149, -0.261, -0.059, -0.128, -0.167, -0.154, -0.153, -0.138, -0.075, -0.104, -0.103, -0.099, -0.107, -0.106
Germany -1.1% -0.8% -0.5% -0.192, -0.559, -0.558, -0.555, -1.196, -1.121, -1.113, -1.115, -1.359, -0.941, -1.13, -1.131, -1.132, -1.134, -1.104, -1.103, -1.101, -1.1, -1.095, -1.094, -1.092
France 0.6% -0.4% 0.0% 0.961, 0.667, 0.691, 0.677, 0.648, 0.644, 0.642, 0.655, 0.663, 0.664, 0.727, 0.611, 0.611, 0.612, 0.613, 0.613, 0.614, 0.614, 0.615, 0.616, 0.616
Netherlands 0.9% 0.9% 0.8% -0.024, -0.024, -0.023, -0.021, 0.196, 0.113, 0.451, 0.458, 0.48, 0.487, 0.494, 0.501, 0.508, 0.53, 0.537, 1.095, 0.934, 0.94, 0.956, 0.882, 0.884
Belgium 1.6% -0.4% 1.5% 2.0, 1.576, 1.563, 1.581, 1.712, 1.704, 1.672, 1.67, 1.664, 1.662, 1.66, 1.658, 1.849, 1.84, 1.837, 1.834, 1.65, 1.648, 1.641, 1.639, 1.637
Periphery 2.5% 1.3% 1.8% 1.253, 1.259, 1.26, 1.291, 1.399, 1.434, 2.28, 2.291, 2.386, 2.359, 2.34, 2.341, 2.445, 2.445, 2.446, 2.446, 2.541, 2.54, 2.544, 2.544, 2.543
Italy 2.6% 2.4% 3.0% 0.206, 0.215, 0.225, 0.253, 0.432, 0.496, 2.03, 2.031, 2.233, 2.233, 2.213, 2.213, 2.416, 2.413, 2.412, 2.411, 2.605, 2.602, 2.595, 2.593, 2.591
Spain 3.1% 0.3% 0.9% 2.759, 2.761, 2.763, 2.769, 2.783, 2.724, 3.004, 3.035, 3.042, 3.045, 3.041, 3.043, 3.045, 3.052, 3.054, 3.056, 3.059, 3.061, 3.083, 3.085, 3.088
Ireland 1.2% 0.2% 0.6% 0.926, 0.927, 0.878, 1.046, 1.051, 1.332, 1.349, 1.35, 1.356, 1.046, 1.046, 1.045, 1.118, 1.117, 1.117, 1.116, 1.164, 1.164, 1.162, 1.161, 1.161
Portugal 2.2% 0.4% 1.4% 1.801, 1.804, 1.808, 1.818, 2.092, 2.037, 2.091, 2.093, 2.1, 2.102, 2.104, 2.106, 2.198, 2.203, 2.205, 2.207, 2.209, 2.211, 2.216, 2.218, 2.22
Greece 1.6% 0.6% 0.0% 1.063, 1.063, 1.064, 1.066, 1.119, 1.148, 1.885, 1.883, 1.877, 1.875, 1.725, 1.723, 1.671, 1.666, 1.664, 1.662, 1.66, 1.658, 1.652, 1.65, 1.649
Japan 0.8% 1.7% 1.1% -0.164, -0.155, -0.147, -0.121, 0.071, 1.023, 0.894, 0.901, 0.933, 0.936, 0.944, 0.951, 0.959, 0.981, 0.989, 0.996, 0.794, 0.768, 0.802, 0.81, 0.819
United Kingdom 0.9% 0.7% 1.6% 0.088, -0.07, 0.026, 0.019, 0.017, 0.015, -0.001, 0.001, 0.017, 0.071, 0.074, 0.077, 0.079, 0.088, 0.949, 0.947, 0.783, 0.865, 0.861, 0.86, 0.859
Canada 2.4% 2.2% 3.5% 0.29, 0.26, 0.305, 0.434, 0.477, 0.904, 1.127, 1.168, 1.24, 1.112, 1.529, 1.552, 2.022, 2.089, 2.111, 2.228, 2.559, 2.327, 2.377, 2.393, 2.41
Australia 1.2% 0.3% -0.5% 0.936, 0.934, 0.933, 0.929, 0.816, 0.815, 0.836, 0.84, 1.257, 1.246, 1.177, 1.181, 1.185, 1.195, 1.294, 1.303, 1.142, 1.152, 1.182, 1.192, 1.203
Switzerland 0.4% 0.5% 0.9% -0.002, 0.003, 0.008, 0.023, 0.595, 0.565, 0.474, 0.481, 0.502, 0.51, 0.458, 0.465, 0.472, 0.493, 0.5, 0.508, 0.502, 0.48, 0.503, 0.438, 0.445
Sweden 1.6% 1.7% 2.6% -0.132, -0.123, -0.235, -0.138, 1.346, 1.401, 1.056, 1.076, 1.137, 1.157, 1.178, 1.198, 1.435, 1.493, 1.512, 1.531, 1.551, 1.482, 1.54, 1.559, 1.578
Norway 1.0% 0.5% 0.2% 0.568, 0.577, 0.562, 0.59, 0.599, 0.608, 0.626, 0.624, 0.619, 0.617, 0.7, 0.698, 0.697, 0.692, 0.691, 0.878, 1.067, 1.063, 1.053, 1.049, 1.046
New Zealand 1.3% 0.9% 0.4% 0.417, 0.423, 0.429, 0.428, 0.434, 0.553, 0.56, 0.466, 0.525, 0.532, 0.985, 0.991, 0.997, 1.014, 1.02, 1.063, 1.044, 1.307, 1.325, 1.331, 1.337
Emerging Markets 4.2% -0.3% -0.5% 4.573, 4.525, 4.573, 4.616, 4.597, 4.481, 4.529, 4.43, 4.444, 4.252, 4.094, 4.094, 4.115, 4.149, 4.11, 4.121, 4.052, 4.085, 4.114, 4.164, 4.169
China 5.6% -0.1% 0.6% 5.73, 5.739, 5.765, 5.774, 5.783, 5.55, 5.773, 5.797, 5.805, 5.813, 5.476, 5.484, 5.506, 5.514, 5.521, 5.529, 5.536, 5.559, 5.567, 5.574, 5.582
EM ex China 3.2% -0.4% -1.2% 3.783, 3.695, 3.758, 3.824, 3.787, 3.751, 3.679, 3.495, 3.514, 3.185, 3.15, 3.144, 3.164, 3.217, 3.145, 3.159, 3.038, 3.078, 3.122, 3.2, 3.204
EM Asia ex China 5.1% 0.1% -0.3% 5.372, 5.345, 5.303, 5.412, 5.42, 5.34, 5.234, 5.239, 5.275, 5.278, 5.358, 5.359, 5.352, 5.31, 5.107, 5.109, 4.877, 4.939, 4.948, 5.09, 5.087
India 7.2% 0.4% 0.5% 7.58, 7.617, 7.655, 7.769, 7.806, 7.511, 7.416, 7.422, 7.501, 7.507, 7.513, 7.519, 7.525, 7.446, 7.454, 7.461, 7.141, 7.149, 7.176, 7.184, 7.193
South Korea 2.8% 1.0% -0.6% 2.021, 1.987, 1.995, 2.018, 2.026, 2.217, 2.458, 2.464, 2.483, 2.489, 2.496, 2.502, 2.508, 2.527, 2.534, 2.54, 2.547, 2.773, 2.79, 2.797, 2.803
Indonesia 3.2% -1.6% -1.0% 4.827, 4.823, 4.82, 4.809, 4.806, 4.802, 4.915, 4.909, 4.928, 4.922, 4.917, 4.911, 4.905, 4.889, 3.623, 3.624, 3.138, 3.167, 3.182, 3.187, 3.192
Taiwan 2.2% 2.1% -2.9% 0.083, 0.155, 0.228, 0.924, 1.013, 1.343, 1.363, 1.354, 1.324, 1.314, 2.749, 2.707, 2.664, 2.538, 2.495, 2.453, 2.411, 2.369, 2.242, 2.199, 2.157
Thailand 2.5% -1.8% -0.3% 4.328, 4.317, 3.766, 3.759, 3.455, 3.597, 2.022, 2.043, 2.105, 2.125, 2.146, 2.166, 2.187, 2.249, 2.341, 2.361, 2.38, 2.4, 2.458, 2.477, 2.497
Malaysia 5.1% 2.2% -0.1% 2.687, 2.749, 2.81, 2.994, 3.056, 3.117, 3.108, 3.098, 3.07, 3.06, 2.71, 2.691, 2.678, 2.622, 2.604, 2.585, 2.566, 2.547, 2.483, 5.234, 5.084
Philippines 5.1% -0.2% -0.7% 5.346, 5.351, 4.948, 5.018, 5.041, 5.064, 4.969, 4.972, 4.984, 4.988, 5.094, 5.098, 5.101, 5.111, 5.115, 5.118, 5.121, 5.125, 5.135, 5.138, 5.141
Singapore 4.6% 0.3% -2.8% 4.382, 4.394, 3.951, 4.014, 4.035, 4.105, 4.108, 4.168, 3.964, 3.966, 3.968, 3.97, 3.972, 3.979, 3.981, 3.983, 3.671, 4.715, 4.673, 4.66, 4.646
Hong Kong 3.2% -2.2% 0.0% 5.442, 3.297, 3.294, 3.287, 3.284, 3.215, 2.929, 2.926, 2.916, 2.913, 2.91, 2.907, 2.559, 2.552, 2.549, 2.547, 2.734, 2.731, 2.721, 3.224, 3.219
Latin America 1.1% 0.5% -0.8% 0.613, 0.49, 0.976, 1.017, 0.748, 0.761, 1.229, 1.441, 1.303, 0.879, 0.827, 0.783, 0.715, 0.78, 0.802, 0.823, 0.845, 0.866, 1.05, 1.071, 1.092
Brazil 3.1% 0.5% 1.9% 2.612, 2.312, 2.316, 2.331, 1.891, 1.894, 2.619, 2.931, 3.117, 3.125, 2.844, 2.721, 2.73, 2.755, 2.764, 2.772, 2.781, 2.789, 3.057, 3.064, 3.072
Mexico 1.2% 1.8% -1.8% -0.612, -0.567, 0.762, 0.785, 0.612, 0.621, 0.917, 1.064, 1.095, 1.105, 1.308, 1.319, 1.08, 1.116, 1.129, 1.141, 1.153, 1.165, 1.201, 1.213, 1.225
Argentina -5.7% -2.6% -7.2% -2.986, -2.93, -2.873, -2.704, -2.647, -2.591, -2.551, -2.511, -4.106, -6.962, -6.875, -6.788, -6.702, -6.442, -6.355, -6.269, -6.182, -6.096, -5.836, -5.749, -5.663
EM Europe 0.8% -2.0% -3.4% 2.863, 2.657, 2.646, 2.641, 2.668, 2.596, 2.384, 1.479, 1.564, 0.541, 0.258, 0.268, 0.406, 0.653, 0.791, 0.818, 0.822, 0.826, 0.837, 0.818, 0.822
Russia -0.7% -3.4% -5.6% 2.73, 2.731, 2.732, 2.735, 2.736, 2.71, 1.813, 1.804, 1.882, -0.287, -0.887, -0.893, -0.899, -0.62, -0.628, -0.636, -0.644, -0.652, -0.677, -0.685, -0.693
Turkey 1.9% -1.6% -3.0% 3.521, 2.774, 2.764, 2.733, 2.723, 2.503, 3.375, 0.114, 0.235, 0.276, 0.316, 0.357, 0.865, 1.253, 1.709, 1.734, 1.759, 1.784, 1.86, 1.885, 1.91
Poland 3.4% 0.2% 0.8% 3.207, 3.211, 3.215, 3.226, 3.289, 3.296, 3.229, 3.234, 3.248, 3.253, 3.257, 3.262, 3.266, 3.28, 3.384, 3.572, 3.577, 3.581, 3.595, 3.443, 3.447
Czech Republic 1.1% 0.9% 0.8% 0.132, 0.129, 0.126, 0.117, 0.465, 0.461, 0.57, 0.571, 0.576, 1.156, 1.152, 1.151, 1.151, 1.15, 1.15, 1.149, 1.149, 1.149, 1.148, 1.147, 1.147
Hungary 1.9% 0.0% 1.0% 1.898, 1.906, 1.656, 1.676, 1.769, 1.78, 1.562, 1.569, 1.869, 1.918, 1.924, 1.931, 1.938, 1.958, 1.965, 1.869, 1.876, 1.883, 1.904, 1.911, 1.918
South Africa 0.7% 0.0% -0.3% 0.769, 0.785, 0.8, 0.848, 0.863, 1.931, -0.179, -0.13, 0.02, 0.068, 0.116, 0.098, 0.144, 0.282, 0.295, 0.416, 0.461, 0.507, 0.644, 0.69, 0.736