Global Economics

Global Economics

Global Economics Update

20 March, 2017

Strong employment growth still not lifting wages everywhere

Labour markets have continued to recover in all of the four major advanced economies in recent years but prospects for wage growth still differ considerably. The rise in earnings growth in the US is likely to continue. But a large amount of spare capacity and entrenched expectations of low inflation, respectively, will probably keep wage inflation in the euro-zone and Japan at bay.

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