Japan Chart Pack BoJ at the barricades While inflation is still far lower in Japan than in most places, rapid increases in the prices of some everyday purchases have made it a political focus. A Nikkei poll following the Bank of Japan’s... 21st June 2022 · 10 mins read
Asia Economics Weekly Korea’s hot labour market, Sri Lanka’s tourism woes The Korean labour market is continuing to heat up, increasing the chances that the central bank will tighten monetary policy further over the coming months. Meanwhile, a renewed slump in visitor... 17th June 2022 · 6 mins read
Australia & New Zealand Economics Weekly Inflationary pressures keep building The big minimum wage hike announced by the fair work commission this week will lead to higher wage growth over the coming year. Given the tightness in the labour market and rising cost pressures... 17th June 2022 · 3 mins read
Europe Economics Update Demand for labour to remain strong in the euro-zone Strong demand for labour, not a lack of potential workers, has driven the euro-zone’s unemployment rate to a record low. Employment gains have been biggest in public services and we expect demand for... 16th June 2022 · 4 mins read
Europe Data Response EZ Hourly Labour Costs (Q1) The acceleration in euro-zone wage growth at the start of the year is consistent with the timelier data already published and the message from pay negotiations. Against a backdrop of high inflation... 16th June 2022 · 2 mins read
Australia & New Zealand Data Response Australia Labour Market (May 2022) The strong rise in employment in May will keep pressure on the RBA to continue its aggressive hiking cycle in the months ahead. World with Higher Rates - Drop-In (21 st June, 10:00 ET/15:00 BST): Does... 16th June 2022 · 2 mins read
Global Economics Chart Pack Weak Q2 may be a sign of things to come Global economic activity might have contracted slightly in Q2, which would be the weakest outcome in recent history aside from the height of the pandemic and the Global Financial Crisis. Part of the... 15th June 2022 · 13 mins read
Australia & New Zealand Economics Update Minimum wage rise will keep RBA hiking aggressively The 5.2% increase in the minimum wage announced by the Fair Work Commission will directly lift the Wage Price Index by around 0.7%-pt. But the increase will also contribute to upward pressure on wage... 15th June 2022 · 3 mins read
Emerging Europe Economics Update Israel’s tight labour market to push up wages soon Israel’s labour market has tightened significantly in recent months and while there is so far little sign of a burst of wage pressure coming through, this is likely to be in the pipeline and feed... 14th June 2022 · 4 mins read
UK Economics Labour Market (Apr./May) The tentative evidence that the recent weakening in economic activity is filtering through into a slightly looser labour market may push the Bank of England a little closer to raising interest rates... 14th June 2022 · 3 mins read
Canada Data Response Labour Force Survey (May) The 39,800 rise in employment in May drove down the unemployment rate to a multi-decade low and there are now clear signs of the tight labour market pushing up wages. That raises the chance of the... 10th June 2022 · 2 mins read
Australia & New Zealand Economics Weekly RBA could raise rates even faster than we anticipate We’ve long been arguing that the RBA will lift rates more sharply than most analysts anticipate and the RBA’s surprise 50bp rate hike this week is consistent with our view that rates will reach 3% by... 10th June 2022 · 5 mins read
Japan Economics Weekly Jump in working hours points to strong Q2 rebound The recent jump in overtime hours largely reflects severe labour shortages at hotels and restaurants rather than any surge in demand. However, with overall working hours on track for a strong rise... 10th June 2022 · 5 mins read
Australia & New Zealand Chart Pack Steeper interest rate hikes and larger house price falls Hawkish shifts by the RBA and the RBNZ in recent weeks have prompted us to forecast an even more aggressive hiking cycle by both central banks in the months ahead. Both central banks hiked rates by... 9th June 2022 · 11 mins read
UK Economics Activity holding up and price pressures strengthening Real economic growth is slowing rather than collapsing in the face of the twin drags of higher inflation and rising interest rates. The Chancellor’s latest fiscal handout will help support GDP in the... 8th June 2022 · 9 mins read
Europe Data Response Euro-zone GDP & Employment (Q1) The upward revision to euro-zone GDP in Q1 was in large part down to the huge increase in Ireland, where the GDP data are notoriously unreliable. So the data aren’t as good as they look. And we still... 8th June 2022 · 2 mins read
