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Comments on macroeconomic indicators: High wages continue to cut profit margins

6/28/2019 2:30 PM

GDP growth was confirmed at 0.6% qoq in 1Q19 and revised up to 2.8% in a year-on-year comparison. However, the entire time series has changed. Household consumption was revised downward 0.5pp in 1Q19. Nevertheless, in a quarter-on-quarter comparison, it added 1.1%, which is still the highest pace of growth since October 2016. Fixed investment was revised slightly higher, while net exports cut GDP growth a little bit more than was previously announced (0.9 pp from quarter-on-quarter dynamics).

Autor: Jana Steckerová
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