Nominal wage growth is lower than inflation, thus real wages are falling in the UK. It's really not a surprise at all that therefore consumer spending is falling.
from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/08/07/uk-consumer-spending-down-for-third-month-in-a-row-not-a-great-surprise/
via IFTTT
No comments:
Post a Comment