Paul Hollingsworth on Unemployment

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Last quote by Paul Hollingsworth on Unemployment

We continue to think that this tightening will deliver a modest rise in nominal wage growth over the course of this year. It might not be enough to keep up with inflation, which we expect to peak at just over 3pc in the fourth quarter. However, as inflation begins to fall back next year as the upward pressures from the drop in the pound start to fade, we think real wages will begin to rise again. As a result, the forthcoming squeeze on real wage growth should be nowhere near as severe or prolonged as that seen after the financial crisis.feedback
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May 17 2017
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Quotes by Paul Hollingsworth on Unemployment

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