What are the expectations regarding consumer demand and retail sales?
Blanchflower Sees Another Move Down Coming From BOE
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The transcript discusses the current economic slowdown, labor market issues, and the impact of Brexit on interest rates. It highlights the decline in real wages and consumer demand, making it an unfavorable time to hike interest rates. Despite this, some predict a rate hike in August due to communication from the banking sector and rising business investments. The discussion also touches on the uncertainty surrounding Brexit and its potential effects on the economy.
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3 mins • 1 pt
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What does the data suggest about wage growth in the private sector?
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