Report
Patrick Artus

United Kingdom: The combination of COVID and Brexit has led to overheating

The COVID crisis and the various bottlenecks in the wake of the crisis are probably not enough to give rise to sustained inflation in the United States and the euro zone. But the United Kingdom is combining COVID and Brexit, with the resulting supply difficulties and the decline in the number of workers from the EU in the UK. Looking at the figures, even though they are complicated by the severity of the shock in 2020, seems to show that the United Kingdom is now "overheating", with an acceleration in wages and unit labour costs and strong pressure on the labour market.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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