A slow slowdown
NAB Morning Call
00:00
The European Wage Price Spiral
Average hourly earnings, including bonuses gone from 6.7% to 6.9%. So obviously that's not what they want to see. And Europe, well, economic sentiment there falling faster than expected in the latest zoo survey and ZE-subtle survey. We're just leaving us a little bit cautious about the longer-run resilience of what we're seeing in Europe.
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