The world economy ended last year on a strong note, led by an upturn in manufacturing output in advanced economies. The pick-up in activity is feeding through to labour markets in many countries, notably the US and UK, in both of which the unemployment rate is falling rapidly towards central bank thresholds. Unemployment may also be past the peak in the euro-zone.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services