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6th Dec 2022 15:13U.S., Daily Monitor

  • 5% wage growth is too fast unless you are unrealistically bullish on the productivity outlook...
  • ...But moderating wage gains and a return to 2019 productivity growth would be a different story.
  • Net trade looks set to be a big drag on Q4 GDP growth, offsetting some of the consumer strength.

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Keywords for: 7 Dec 2022 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence