Eco­nomic week ahead

The Daily Telegraph - Business - - Business -

IN A cru­cial mo­ment for the UK econ­omy, to­mor­row’s of­fi­cial data on the jobs mar­ket is ex­pected to show that wage growth has out­stripped in­fla­tion in the 12 months to Fe­bru­ary.

Af­ter a year of real-terms de­clines, this should mean that the av­er­age worker is now get­ting a pay boost.

In­fla­tion fig­ures on Wed­nes­day will show whether or not prices kept fall­ing into March.

Those fig­ures will have a bear­ing on the Bank of Eng­land’s in­ter­est rate de­ci­sion to come next month. The Gov­er­nor of the BoE, Mark Car­ney, is glo­be­trot­ting this week – on Thurs­day and Fri­day he will be at­tend­ing the In­ter­na­tional Mon­e­tary Fund’s spring meet­ing in Wash­ing­ton.

The IMF is pub­lish­ing its new World Eco­nomic Out­look to­mor­row.

Look out for warn­ings that a trade war will trash growth, and ex­pect plenty of en­cour­age­ment for global gov­ern­ments to open up to busi­ness, rather than hik­ing taxes and im­pos­ing pro­tec­tive bar­ri­ers.

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