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    Edition October 16, 2017

    France: Wages and productivity per capita

    Decentralising negotiations is that wages will move more in line with productivity gains. As was observed in the wake of the 2008 crisis, real wages continued to grow faster than productivity gains, partly due to a labour market where negotiations gave scant regard to businesses, delaying their adjustment to economic conditions.

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  • Edition October 12, 2017 Central Europe: GDP growth

    Central European countries once again pleasantly surprised the markets with the publication of Q2's growth figures. Their economies exceeded expectations with GDP growth rate figures well above the EU average. Romania was still out in front, its growth rate rising steadily for over three years, edging closer to an annualised 6% increase since the start of the year.

    Central Europe: GDP growth

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  • Edition 29 September 2017 Opinion poll - referendum on self-determination

    That conversion stemmed from the cancellation in 2010 of some articles from the reformed Catalonian statute (Estatut) adopted in 2006, which was a campaign promise to PSC and other Catalanist parties from former socialist Spanish PM Jose Luis Zapatero (PSOE) from 2004 to 2011. Thus, independentism reached a peak of almost 50% in Catalan opinion polls at the end of 2014, while it had only 15% approval in 2006.

    Opinion poll - referendum on self-determination

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  • Edition 26 September 2017 Qatar crisis

    Economic consequences are for the moment limited… but what will be the impact on geopolitics ? By supporting its bank's liquidity and increasing gas production, Qatar is able to face the the demand from countries that put it under embargo. However, the current tensions are weakening the Gulf Countries as well as its organisation: the Gulf Cooperation Council.

    Qatar crisis

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  • Edition September 20, 2017 EMU: Unemployment rate

    Germany has the lowest unemployment rate of the euro area in 2016, with only 4.2% of its working population, while most of its main partners, France, Italy and Spain, still record a high unemployment rate.

    EMU: Unemployment rate

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  • Edition September 20, 2017 UK: Tighter labour market and still muted wage growth

    Although the unemployment rate fell to 4.3% in the three months to July and has stood below the BoE's estimate of the long-term equilibrium rate (4.5%) for a second consecutive month, signs of a pick-up in wage growth have remained weak. Growth in average weekly earnings for the whole economy (year-on-year, three-month average) was 2.1% in August (2.3% in the private sector), in line with its average over the past six months and well below its rate over the past year.

    UK: Tighter labour market and still muted wage growth

    Extract

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