The Bank of Canada removed its forward guidance in January and clearly signalled an imminent tightening of monetary policy. Assuming a swift end to...
US | Supply-chain snags loosened a bit in November
Posted by Oren Klachkin on Dec 7, 2021
Our US supply-chain stress tracker points to less stress in November. Still, while transportation challenges eased, they remained the greatest...
US | Travel and Tourism Employment Report - September 2021
Posted by Adam Sacks on Oct 28, 2021
As of the September 2021 jobs report, leisure and hospitality employment sits 9% below its pre-pandemic level; this is three percentage points worse...
US | It ain’t stagflation, but it sure is “M.E.S.S.I.”
Posted by Gregory Daco on Oct 15, 2021
It’s not runaway inflation, and it’s certainly not stagflation. In fact, the US economy is going through a bout of “M.E.S.S.I.” inflation dynamics –...
US | Inflation will be sticky but not oppressive
Posted by Gregory Daco on Jun 24, 2021
The US economy is unlikely to experience an inflation regime shift. But after a decade of glacial price rises in the wake of the financial crisis, it...
South Africa | Public sector wage bill set to increase further
Posted by Pieter du Preez on May 30, 2021
The public sector wage bill is one of South Africa’s largest line items on the expenditure side, accounting for roughly one-third of total...