2  C. Developments in the Household Sector Next, I would like to turn to developments in the household sector. Supply-demand conditions in the labor market have improved steadily and employee income has increased moderately (Chart 4).
The trade dispute between the United States and China flared up over the summer, with additional tariffs weighing on world trade. The tensions in the trade policy space sparked uncertainty in financial markets, [1] which is likely to have throttled investment and hurt global economic activity.