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Global Economics Update What rate of wage growth is acceptable for central banks? Even though workers are accepting cuts in their real pay, nominal wage growth is still above “acceptable” rates for central banks in DMs of 3% to 4%. This underlines why interest rates need to head... 5th July 2022 · 3 mins read
Global Economics Update PMIs point to marked easing of goods price pressures Policymakers will have breathed a small sigh of relief at the latest manufacturing PMI surveys because they contained lots of signals that global goods price inflation will ease later this year... 1st July 2022 · 2 mins read
Global Economics Update Strength of goods spending still boosting inflation The consumer recovery in advanced economies has been characterised by particularly strong spending on goods and a weaker pick-up in services demand. There are signs that goods spending is now... 30th June 2022 · 3 mins read
Global Economics Update PMIs suggest marked slowdown underway in DMs Having held up better than much of the data in recent months, the S&P Global PMIs have finally taken a considerable leg-down in the US and euro-zone. While the PMIs are still consistent with economic... 23rd June 2022 · 3 mins read
