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June 30, 2017
Contents
Credit grow th slow s, reinf orcing
already tame cy cle 14
Euro area: Low ering our core
inflation forecast 18
Japan: Labor shortage w ill not
boostwage grow th soon 20
UK: Attempting to understand the
BoE's haw kish shift 24
Australia:Wage recov ery still a
distant prospect 26
Global Economic Outlook Summary 4
Global Central Bank Watch 6
Now cast of global grow th 7
Selected recent research from
J.P. Morgan Economics
8
The J.P. Morgan View : Markets 9
Data Watches
United States 28
Euro area 36
Japan 40
Canada 44
Mexico 46
Brazil 48
Argentina 50
Peru 52
United Kingdom 54
Emerging Europe 56
MENA 60
EMEA EM focus 61
Australia and New Zealand 62
China, Hong Kong, and Taiw an 64
Korea 67
ASEAN 69
India 73
Asia focus 74
Re gional Data Calendars 76
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