Sunday, 24 January 2010

Latest views on inflation and unemployment

In short:
  • Inflation has spiked, but it is thought the rise is temporary.
  • Unemployment has fallen, but the figures don't tell the full story - it appears that many people are still "underemployed" (taking part time jobs).
  • The consumer spending squeeze looks pretty entrenched.
  • We're expecting the ONS to announce a return to growth later this week.
read more from The Sunday Times...

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