Pantheon Macroeconomics
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7th Jul 2022 15:02Eurozone, Daily Monitor
Wages are rising across the Eurozone’s largest economies, but nowhere near as quickly as inflation.
The squeeze on incomes will ease over the coming months as inflation falls, but it will remain severe.
A wage-price spiral is a risk for markets and the ECB next year, even with ’normal’ real wage growth.
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