Weekly Economic Perspectives: Elevated UK Inflation Undermines Real Wage Growth

Chief Economist
Investment Strategist

The Economy

  • US retail sales rebound.
  • Inflation exceeds expectations in Canada and the UK.
  • Eurozone industrial production on the rebound.
  • GDP bounces in Japan.
  • Decent employment report in Australia.

Spotlight On Next Week

  • Robust global manufacturing activity continues.
  • Some signs of improvement in service activity as Omicron wave fades.

Weekly Economic Perspectives