💥Declining inflation doesn't mean declining prices; official inflation measures aren't always accurate.
💰Wage gains are barely keeping up with inflation, and are not universal.
📉Unemployment, especially youth unemployment, is on the rise and could impact the economy.
📉Consumer sentiment is declining due to concerns about inflation, the labor market, and higher borrowing costs.
🌐The global economic outlook is uncertain, with potential impacts on inflation, wages, and employment.
Does declining inflation mean prices are also declining?
—No, declining inflation only means that the rate of price increases is slowing down.
Are wage gains keeping up with inflation?
—No, wage gains are barely keeping up with inflation and are not universal across all industries and occupations.
Is unemployment at historic lows?
—While the overall unemployment rate may be low, youth unemployment is on the rise, which could have long-term implications for the economy.
Why is consumer sentiment declining?
—Consumer sentiment is declining due to concerns about rising inflation, a deteriorating labor market, and higher borrowing costs.
What is the global economic outlook?
—The global economic outlook is uncertain, with potential impacts on inflation, wages, and employment that could vary across countries and regions.
00:00Inflation is declining, but it doesn't necessarily mean prices are declining.
03:30Wage gains are barely keeping up with inflation and are not universal.
07:00Unemployment, especially youth unemployment, is on the rise.
10:00Consumer sentiment is declining due to concerns about rising inflation, a deteriorating labor market, and higher borrowing costs.
13:00The global economic outlook is uncertain, with potential impacts on inflation, wages, and employment.
