MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis
Macro Voices
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The Eurozone's Wage Gains Are Lifting Real Incomes
Wage gains are lifting real incomes and fueling hopes for increasing purchasing power, which overall is supporting global consumption. But collapsing inflation expectation should see wage gains retreat in age two. The ECB must gain conviction on further downside before shifting its ochich stance.
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