Robert Wood - Bank of America


Last quote by Robert Wood

The quid pro quo to the UK's labour market producing jobs 'like there is no tomorrow' is that there has been 'no tomorrow' for productivity and real wages. We argued earlier this year that UK trend growth may be 1pc-1.5pc and we stick to that view. Weak trend means real wages will not rise at traditional rates after inflation drops back, which will deliver a weak growth outlook. Given the fiscal numbers are based on 2pc trend growth there will be no fiscal easing to help growth anytime soon, in our view. More likely action will be needed to correct the unsustainable long-run deficit
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Oct 06 2017
This page is completely dedicated to what Robert Wood has to say. All of Robert Wood’s quotes are organized here by date and topic. The most recent quote attributed to Robert Wood came from an article called North Korea warns US of 'greatest pain' it has ever experienced, rejects new sanctions: “My hope is the regime will hear the message loud and clear and it will choose a different path. We call on all countries to vigorously implement these new sanctions and all other existing sanctions.”.
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