This share is well above the 2019 average of four out of 10 occupational groups, and suggests higher wage growth is becoming more spread out, rather than being driven by a small number of job categories where the supply-demand balance is tight.
It’s too early to tell whether what we are seeing in global financial markets today can lead to disruptions that can prompt a change in either our growth scenario or our inflation scenario, or whether this is a shift in global demand that would have to take place anyway and that can be managed in a smooth way by the international community.