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Domestic demand and GDP: Germany vs. Spain
Source: Bank of England, Eurostat
Nominal unit labour costs: Germany vs. Spain
Sources: Bank of England, Thomson Reuters Datastream and Bank calculations.
(a) Tradable goods or services are defined as those potentially tradable, rather than actually traded. Tradable sectors are defined as: agriculture, forestry and fishing; industry; information and communication services; and financial and insurance activities.
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