Economic week ahead
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.