Continuing declines in unemployment rates were a common theme across many of the largest advanced economies in late 2017, symptomatic of GDP growth rates in excess of medium-term potential growth. This is one of the clearest trends evident in Fitch Ratings’ latest “20/20 Vision” chart pack.
With unemployment having now reached low levels by historical standards in many advanced economies, risks of labor shortages starting to feed through to higher wage growth are rising. Central banks are already starting to factor this into their monetary policy decisions.
Fitch’s bi-monthly 20/20 Vision chart pack covers 20 major economies and 20 economic variables that are the focus of Fitch’s economics team’s global macro analysis and plots five years of high-frequency economic data with consistent coverage across each country. 20/20 Vision is available at www.fitchratings.com or by clicking the link here…
