Despite slower GDP growth, strengthening wage growth bodes well for consumers | The Conference Board
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Despite slower GDP growth, strengthening wage growth bodes well for consumers


September 2018 | Economy Watch Reports

The Q2 Euro Area GDP report reaffirmed the picture of slower growth in 2018 as global trade provides less tailwind, starting 2019 on a much weaker note. External threats such as a possible escalation of the Turkish financial crisis and a no-deal Brexit remain on the horizon. However, wage growth is clearly picking up now, which bodes well for consumer demand.


AUTHOR

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Klaas de Vries

Economist
The Conference Board


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