Growth in 2019, U.K. Pay, U.S. Firms' Price-Hike Plans: Eco Day
(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:
- Despite mounting risks, global growth is set to be strong in 2019, thanks to a boost from the U.S.
- Small U.S. companies confronting higher payroll costs say they’re planning to pass on some of the pain to customers, though they remain optimistic about business conditions.
- A report Tuesday showed U.K. wages are growing at a near 10-year high, backing the Bank of England’s view that there is now no spare capacity in the labor market. Still, unemployment has ticked higher, and productivity growth remained sluggish.
- The same report also showed the number of European Union workers in the U.K. fell by the most on record, intensifying labor shortages as Britain prepares to leave the bloc next year
- German investor confidence edged up this month though there’s little optimism about a strong pickup from the current slowdown.
- Finally, here’s a guide of what to watch in China’s October economic data releases
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