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Tight US job market will keep monetary policy tight

Location:

UNITED STATES

Despite fears of a recession, the US economy continues to add jobs and employers report difficulties attracting and retaining workers. Wage growth is decelerating fitfully…

Immigration is key to US job market and economic plans

Location:

UNITED STATES

Behind this workforce expansion is higher immigration that has allowed considerably more new jobs without raising real wages. Immigration explains some of the strength in…

Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Dependency ratios overstate economic impacts of ageing

Location:

INTERNATIONAL

The standard measure of the challenge -- the ratio of the non-working-age population to those of working age -- can vary considerably from the actual number of non-workers to…

Prospects for South Africa to end-2023

Location:

PROSPECTS H2 2023

The adverse conditions that drove the rand to record lows in the second quarter of 2023 will likely persist through the remainder of the year, despite 0.4% growth in the first…

Population fall will affect Japan despite policy moves

Location:

JAPAN

A shrinking population and falling share of the population of working age are major factors influencing developments in the economy and society in the short and long term.

Prospects for the euro-area to end-2023

Location:

PROSPECTS H2 2023

Tourism and other customer-facing sectors are growing solidly even though above-target inflation is squeezing disposable incomes. However, strong services activity is keeping core…

Industry needs may prompt East European school reform

Location:

EASTERN EUROPE

PISA measures, internationally, 15-year-olds’ ability to use their reading, mathematics and science knowledge and skills to meet real-life challenges. For the Visegrad Four (V4 -…

European and US labour productivity has weak momentum

Location:

INTERNATIONAL

Productivity gains have historically been higher in the United States than in the euro-area, but US productivity has been highly volatile since 2020. Changes in the first quarter…

Moroccan union demands will test government dialogue

Location:

MOROCCO

Union leaders have criticised the government’s preliminary statement on the 2024 budget for lacking measures to alleviate financial pressures on households. They are demanding…