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The news comes after the boss of the Bank Of England, andrew bailey, said the economy had turned a corner, but wasnt yet in a strong recovery. For more on this im joined now byjackie bowie, head of europe at chatham financial. Where is this growth coming from . The good news is the Surprise Upside in gdp was actually very broad based. If you look across the different components of gdp we saw a good recovery in the Service Sector activity. Actually good recovery in Consumer Spending as well because obviously thats been a big focus with The Cost Of Living issue and of course then with inflation that we have seen over the last year as well. So i pretty broad based recovery and again it took some economist ....
Country they can t even dream, have these aspirations to open a company or do something, and so much of that contributes to the job force, the working force. no question. we ve been stuck because of the low growth. we ve had a declining wage cycle over the last ten years, wages are down about 9.4% for middle class and working class families. so his focus in addition to bringing jobs back is bringing real wages back to the united states. we have talked in the obama administration about $15 an hour wages. that s not going to be the president trump plan. the president trump plan is high living standards, high living wages. kimberly, let s start the consumption cycle again where we can get people back to work and get the growth we need. that will also lift the rest of the world, kimberly. yeah, hire american, guy american goods, put america first. these sound like simple statements but they have profound results and impact on the market. you can see it in the psychology, look at cons ....
Country they can t even dream, have these aspirations to open a company or do something and so much of that contribute to the working force. we ve been stuck because of the low growth, a declining wage cycle over the last ten years, panels are down 9.4% for middle class and working class. his focus is being real wages back to the united states. we ve talked in the obama administration about $15 an hour wages. that s not going to be the president trump plan. the president trump plan is high living standards and wages. let s start the consumes cycle again to get people back to work and get the growth that we need. hire americans, buy american goods, put america first. these sound like simple statements but they have profound impacts in the market look at the consumer confidence numbers, the best they ve been in yeah, 15 years. i think it was 15 years. ....
jay, my question. as far as when you talk about that sweet spot, if we re going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? susan, that s really the opportunity. first of all, i don t think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we re far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle coming from the private sector. this is very new and it s driven by the fact as rates come down ....