9 See Brendan Price and Melanie Wasserman (2022), “The Summer Drop in Female Employment,” CESifo Working Paper 9783 (Munich: CESifo, June), https://www.cesifo.org/DocDL/cesifo1_wp9783.pdf. 8  -6Today, working women still carry out most childcare responsibilities. One study conducted before the pandemic found that when both parents work, women spend 50 percent more time on childcare than men.
Caution is warranted by uncertainties in the international environment, notably movements in primary commodity prices, pace of monetary policy normalisation by leading central banks, and possible further rise in protectionism in international trade.