The current divergence between weak business investment growth and strong employment growth won’t last as it’s largely due to the uncertainty caused by Brexit. If there’s a no deal Brexit, both will weaken in tandem. If there is a Brexit deal (either before or after a short delay), the two should converge as business investment rebounds and employment growth eases.
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