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UK Business Pessimism and Cooling Wage Growth
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UK businesses remain pessimistic, leading to hiring freezes and staff cuts. Wage growth in the UK has cooled, easing pressure on the Bank of England to hold interest rates. The euro zone labor market shows no signs of weakening despite a near recessionary environment.
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How might the pessimism of UK businesses impact the overall economy?
What factors are contributing to the cooling wage growth in the UK?
What measures can be taken to address the resilience of the euro zone labor market?
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