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 3/27/2023
Underlying Growth 1m Change 3m Change 1m History
World 3.0% 0.4% 1.7% 2.56, 2.501, 3.108, 3.034, 3.097, 3.122, 3.298, 3.303, 3.286, 3.258, 3.284, 3.288, 3.002, 2.956, 2.882, 2.87, 2.921, 2.907, 2.891, 2.917, 2.975
Developed World 1.1% -0.1% 1.4% 1.27, 1.115, 1.144, 1.137, 1.104, 1.098, 1.261, 1.283, 1.225, 1.156, 1.142, 1.181, 1.11, 1.182, 1.11, 1.088, 1.032, 1.018, 1.022, 1.121, 1.126
United States 1.1% -0.4% 2.2% 1.39, 1.241, 1.255, 1.268, 1.213, 1.196, 1.311, 1.369, 1.241, 1.118, 1.061, 1.053, 0.901, 1.016, 0.935, 0.853, 0.888, 0.864, 0.858, 1.1, 1.062
DW ex US 1.2% 0.0% 0.9% 1.181, 1.022, 1.062, 1.04, 1.023, 1.026, 1.224, 1.22, 1.214, 1.184, 1.201, 1.275, 1.264, 1.304, 1.239, 1.26, 1.137, 1.132, 1.143, 1.136, 1.174
Euro Area 1.8% -0.1% 0.8% 1.944, 1.76, 1.806, 1.817, 1.784, 1.757, 2.069, 2.091, 2.091, 2.062, 2.061, 2.033, 1.991, 1.968, 1.839, 1.843, 1.736, 1.75, 1.747, 1.73, 1.802
Core 1.7% -0.5% 0.8% 2.207, 1.934, 1.87, 1.867, 1.761, 1.746, 1.854, 1.888, 1.889, 1.841, 1.845, 1.846, 1.778, 1.799, 1.801, 1.806, 1.618, 1.639, 1.633, 1.607, 1.715
Germany 1.4% -1.2% 0.6% 2.618, 2.006, 1.896, 1.889, 1.681, 1.653, 1.743, 1.859, 1.857, 1.856, 1.85, 1.849, 1.847, 1.845, 1.843, 1.838, 1.464, 1.444, 1.424, 1.278, 1.434
France 2.0% 0.1% 0.7% 1.926, 1.937, 1.925, 1.927, 1.911, 1.906, 1.999, 1.932, 1.938, 1.871, 1.887, 1.893, 1.898, 1.904, 1.909, 1.926, 1.876, 1.879, 1.882, 1.911, 1.975
Netherlands 2.5% 0.7% 1.7% 1.672, 1.759, 1.687, 1.685, 1.683, 1.677, 1.917, 1.918, 1.918, 1.83, 1.833, 1.834, 1.835, 2.015, 2.017, 2.022, 2.072, 2.384, 2.401, 2.459, 2.51
Belgium 1.1% -0.4% 1.0% 1.502, 1.678, 1.687, 1.696, 1.704, 1.714, 1.825, 1.827, 1.829, 1.594, 1.604, 1.607, 0.544, 0.552, 0.56, 0.584, 0.665, 0.599, 0.607, 1.052, 1.131
Periphery 1.9% 0.5% 0.7% 1.496, 1.464, 1.699, 1.732, 1.824, 1.776, 2.435, 2.436, 2.435, 2.439, 2.429, 2.351, 2.352, 2.256, 1.903, 1.906, 1.938, 1.94, 1.943, 1.94, 1.948
Italy 0.9% 0.6% -0.5% 0.33, 0.289, 0.631, 0.563, 0.533, 0.423, 1.821, 1.819, 1.814, 1.81, 1.798, 1.627, 1.626, 1.624, 0.857, 0.855, 0.923, 0.926, 0.928, 0.931, 0.938
Spain 2.7% -0.1% 1.3% 2.729, 2.728, 2.822, 2.927, 3.043, 3.038, 2.954, 2.956, 2.958, 3.003, 3.009, 3.01, 3.012, 2.744, 2.747, 2.756, 2.71, 2.71, 2.709, 2.695, 2.697
Ireland 3.1% 1.5% 3.6% 1.58, 1.488, 2.054, 2.07, 2.906, 2.958, 2.908, 2.914, 2.92, 2.927, 2.945, 2.952, 2.958, 2.891, 2.897, 2.917, 3.036, 3.048, 3.061, 3.073, 3.111
Portugal 2.5% 0.7% 1.4% 2.598, 2.574, 2.39, 2.387, 2.384, 2.375, 2.495, 2.501, 2.507, 2.513, 2.421, 2.427, 2.433, 2.439, 2.445, 2.463, 2.461, 2.467, 2.473, 2.478, 2.495
Greece 3.5% 1.4% 1.9% 2.305, 2.239, 2.442, 2.944, 2.945, 2.95, 3.636, 3.63, 3.623, 3.439, 3.421, 3.415, 3.409, 3.403, 3.397, 3.379, 3.485, 3.484, 3.483, 3.483, 3.48
Japan -0.9% 0.3% 0.9% -1.183, -1.482, -1.332, -1.482, -1.408, -1.408, -1.466, -1.445, -1.504, -1.481, -1.42, -1.399, -1.379, -1.218, -1.115, -1.049, -1.12, -1.103, -1.085, -0.989, -0.927
United Kingdom 1.2% 0.9% 1.5% 0.413, 0.435, 0.45, 0.459, 0.476, 0.682, 0.754, 0.762, 0.77, 0.49, 0.514, 1.252, 1.258, 1.264, 1.269, 1.286, 1.337, 1.229, 1.231, 1.26, 1.225
Canada 2.1% -1.0% 0.9% 3.063, 2.963, 2.91, 2.884, 2.774, 2.634, 3.208, 2.886, 2.893, 3.049, 3.067, 3.29, 3.35, 3.354, 3.1, 3.155, 2.427, 2.381, 2.517, 2.21, 2.074
Australia 1.7% -0.2% -0.4% 1.868, 1.902, 1.831, 1.891, 1.891, 1.92, 1.747, 1.751, 1.754, 1.758, 1.768, 1.524, 1.492, 1.915, 1.913, 1.91, 1.732, 1.723, 1.713, 1.704, 1.675
Switzerland 1.8% 0.2% 1.4% 1.626, 1.822, 1.571, 1.588, 1.604, 1.655, 1.911, 1.92, 1.93, 1.94, 1.969, 1.978, 1.988, 1.997, 2.007, 2.036, 1.763, 1.768, 1.773, 1.778, 1.792
Sweden -0.0% -0.5% 1.6% 0.567, 0.159, 0.08, 0.079, -0.146, -0.147, -0.053, -0.043, 0.055, 0.064, 0.092, 0.101, 0.111, 0.12, 0.029, 0.058, -0.089, -0.087, -0.085, -0.083, -0.049
Norway 1.6% 1.1% 0.6% 0.413, 0.416, 0.295, 0.296, 0.297, 0.298, 0.376, 0.389, 0.403, 0.416, 0.456, 0.47, 0.778, 0.789, 0.799, 0.831, 1.35, 1.385, 1.42, 1.455, 1.56
New Zealand -0.8% -0.6% 1.1% -0.131, -0.046, -0.035, -0.228, -0.773, -0.742, -0.756, -0.746, -0.709, -0.448, -0.42, -0.457, -0.448, -0.468, -0.459, -0.43, -0.705, -0.803, -0.801, -0.8, -0.796
Emerging Markets 4.5% 0.9% 2.0% 3.632, 3.653, 4.739, 4.609, 4.753, 4.804, 4.99, 4.981, 4.998, 5.004, 5.063, 5.038, 4.574, 4.429, 4.353, 4.35, 4.49, 4.476, 4.444, 4.409, 4.511
China 6.6% 0.8% 3.5% 5.864, 5.888, 7.509, 7.54, 7.736, 7.766, 8.113, 8.075, 8.037, 7.994, 8.206, 8.165, 6.772, 6.41, 6.287, 6.246, 6.705, 6.688, 6.67, 6.619, 6.601
EM ex China 3.2% 0.9% 1.0% 2.189, 2.208, 2.95, 2.715, 2.826, 2.889, 2.972, 2.982, 3.035, 3.072, 3.031, 3.016, 3.153, 3.149, 3.104, 3.124, 3.058, 3.047, 3.005, 2.982, 3.161
EM Asia ex China 4.6% 0.9% 1.7% 3.545, 3.585, 4.021, 4.01, 4.098, 4.119, 3.96, 3.967, 4.001, 4.033, 4.034, 4.02, 4.292, 4.316, 4.255, 4.361, 4.363, 4.364, 4.328, 4.305, 4.598
India 6.9% 1.4% 2.0% 5.408, 5.495, 5.588, 5.582, 5.768, 5.745, 6.388, 6.371, 6.355, 6.438, 6.38, 6.361, 6.473, 6.454, 6.435, 6.377, 6.879, 6.884, 6.89, 6.895, 6.912
South Korea 3.3% 3.3% 3.4% -0.003, -0.005, 1.762, 1.794, 1.843, 1.989, 1.789, 1.806, 1.824, 1.841, 1.894, 1.912, 2.512, 2.524, 2.536, 2.572, 3.098, 3.135, 3.171, 3.208, 3.317
Indonesia 1.8% -1.7% -3.4% 3.521, 3.493, 3.546, 3.56, 3.573, 3.613, 2.078, 2.167, 2.242, 2.209, 2.482, 2.573, 3.411, 3.502, 3.592, 3.864, 1.857, 1.847, 1.838, 1.829, 1.801
Taiwan -0.4% -1.3% 3.4% 0.863, 0.83, 1.698, 1.7, 1.701, 1.707, -0.612, -0.68, -0.748, -0.815, -1.019, -1.087, -1.155, -1.222, -1.29, -1.707, -0.321, -0.302, -0.932, -0.753, -0.367
Thailand 4.6% 1.0% 6.5% 3.54, 3.604, 5.57, 5.339, 5.311, 5.227, 5.204, 5.176, 5.195, 5.166, 5.08, 5.051, 5.022, 4.994, 4.965, 4.879, 4.85, 4.821, 4.793, 4.764, 4.578
Malaysia 1.6% 1.8% 2.4% -0.042, 0.025, 0.047, 0.069, 0.091, 0.157, 0.179, 0.201, 0.237, 0.26, -0.042, -0.027, -0.011, 0.004, 0.019, 2.357, 2.282, 2.206, 2.13, 1.838, 1.57
Philippines 5.3% 0.2% -0.8% 5.066, 5.065, 5.045, 5.052, 5.06, 5.083, 5.09, 5.098, 5.645, 5.649, 5.662, 5.222, 5.157, 5.166, 5.174, 5.2, 5.208, 5.217, 5.225, 5.234, 5.259
Singapore 0.2% -2.5% 0.8% 2.605, 2.602, 2.631, 2.758, 1.641, 1.753, 2.253, 2.29, 2.327, 2.364, 2.475, 2.512, 2.596, 2.632, 0.361, 0.46, 0.657, 0.698, 0.738, -0.032, 0.161
Hong Kong 8.4% 7.3% 9.1% -3.186, -3.182, -3.084, -3.238, -1.985, -1.728, -4.039, -3.981, -3.924, -3.866, -3.694, -3.604, -2.719, -1.839, -1.805, -1.705, -3.337, -3.383, -3.429, -3.475, 8.442
Latin America -0.3% 1.0% 0.4% -1.443, -1.458, -1.136, -1.08, -0.816, -0.832, 0.024, 0.116, 0.379, 0.344, 0.353, 0.354, 0.356, 0.357, 0.358, 0.362, -0.332, -0.352, -0.239, -0.263, -0.289
Brazil -1.5% 1.1% -0.1% -2.522, -2.511, -2.493, -2.399, -2.343, -2.427, -2.412, -2.29, -1.73, -1.801, -1.778, -1.771, -1.763, -1.755, -1.748, -1.725, -1.777, -1.773, -1.77, -1.765, -1.489
Mexico 2.1% -0.3% 1.3% 2.043, 2.033, 2.797, 2.758, 2.675, 2.576, 2.537, 2.508, 2.479, 2.45, 2.378, 2.349, 2.32, 2.291, 2.262, 2.175, 2.353, 2.334, 2.428, 2.406, 2.138
Argentina -2.6% 3.8% -0.6% -6.816, -6.924, -6.749, -6.575, -4.782, -4.367, 1.407, 1.713, 1.771, 1.829, 2.002, 2.06, 2.118, 2.176, 2.234, 2.407, -2.524, -2.624, -2.112, -2.236, -2.608
EM Europe 2.7% 1.2% 0.1% 1.871, 1.903, 3.801, 2.806, 2.858, 3.084, 3.171, 3.123, 3.061, 3.168, 2.987, 2.937, 2.877, 2.802, 2.751, 2.587, 2.864, 2.829, 2.671, 2.643, 2.74
Russia 2.5% 4.3% 1.0% -1.952, -1.987, 1.772, 1.787, 1.913, 2.427, 3.189, 3.199, 3.209, 3.22, 3.25, 3.26, 3.27, 3.28, 3.29, 3.32, 2.606, 2.581, 2.557, 2.533, 2.459
Turkey 3.8% -3.7% -1.9% 8.803, 8.984, 8.997, 5.257, 5.212, 5.076, 3.892, 3.685, 3.477, 3.909, 3.145, 2.927, 2.708, 2.49, 2.272, 1.617, 4.028, 3.935, 3.443, 3.335, 3.824
Poland 2.9% -0.4% 0.6% 3.184, 3.189, 3.242, 3.244, 3.247, 3.288, 3.263, 3.267, 3.271, 3.275, 3.288, 3.292, 3.232, 3.069, 3.074, 3.005, 2.995, 2.998, 2.877, 2.879, 2.887
Czech Republic 0.1% 0.2% -0.0% -0.125, -0.134, -0.231, -0.626, -0.621, -0.603, -0.139, -0.139, -0.418, -0.613, -0.604, -0.587, -0.584, -0.581, -0.578, -0.568, -0.303, -0.287, -0.272, -0.006, 0.072
Hungary 2.0% 0.5% 1.0% 2.071, 2.101, 2.301, 2.276, 2.278, 2.191, 2.07, 2.092, 2.114, 2.051, 2.116, 2.137, 2.159, 2.18, 2.202, 2.266, 2.006, 2.014, 2.022, 1.978, 2.003
South Africa 1.0% -1.4% -1.0% 2.403, 2.024, 1.376, 1.38, 1.415, 1.425, 0.997, 1.009, 1.021, 1.033, 1.07, 1.272, 1.336, 1.348, 1.359, 1.392, 1.212, 1.214, 1.003, 0.996, 0.975