Category: 3. Business

  • Evaluating Valuation Following Recent Share Price Rebound

    Evaluating Valuation Following Recent Share Price Rebound

    Symrise (XTRA:SY1) shares have seen some movement recently, prompting fresh discussion among investors about its shifting valuation. With the past month showing a 10% gain, many are revisiting the stock’s potential as market conditions evolve.

    See our latest analysis for Symrise.

    Symrise has bounced back with a 1-month share price return of nearly 10%, reversing some of the losses seen earlier this year. Even so, the 1-year total shareholder return is still down over 27%. This suggests that while recent momentum is encouraging, many investors remain cautiously optimistic given the long-term underperformance.

    If you want to broaden your search beyond Symrise, this could be the perfect time to discover fast growing stocks with high insider ownership

    With analyst targets still well above the current share price, and growth estimates in the mix, the key question now is whether Symrise remains undervalued or if the recent recovery means the market already anticipates future gains.

    With Symrise’s narrative fair value set at €103.53, shares closed at €81.82, highlighting a clear divergence between current sentiment and future expectations according to the prevailing view.

    Symrise is executing a multi-year transformation focused on operational efficiency, portfolio optimization, and disciplined cost management, which is already yielding substantial margin improvements (notably, a gross margin increase of 250 bps and an EBITDA margin uplift). This is laying the groundwork for structurally higher net margins and improved earnings compounding.

    Read the complete narrative.

    Curious what’s fueling this bullish target? The secret mix includes aggressive margin upgrades, bold strategic initiatives, and forecasts that could reset investor expectations. See which financial levers might be game-changers, and what numbers experts are betting on to propel Symrise far above its current price.

    Result: Fair Value of €103.53 (UNDERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, slower growth in key end markets or underwhelming margin improvements could challenge the upbeat outlook and limit Symrise’s share price recovery.

    Find out about the key risks to this Symrise narrative.

    While Symrise looks undervalued on a fair value basis, its price-to-earnings ratio of 22.6x is higher than both European Chemicals peers (17.2x) and the peer average (20.4x). This is also above the fair ratio of 19.6x. This suggests a risk that the market may eventually pull the share price closer to these lower multiples. Does this signal an opportunity or a warning?

    See what the numbers say about this price — find out in our valuation breakdown.

    XTRA:SY1 PE Ratio as at Oct 2025

    If your view differs or you want to dig into the details yourself, you can build your own Symrise story in just a few minutes with Do it your way.

    A great starting point for your Symrise research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

    Why limit yourself to one opportunity when smart investors keep their options open? Make your next move by exploring powerful stock themes that are shaping the future:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include SY1.DE.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Phillips Edison (PECO) Margin Expansion Reinforces Bullish Narrative, But Steep 53x PE Ratio Raises Doubts

    Phillips Edison (PECO) Margin Expansion Reinforces Bullish Narrative, But Steep 53x PE Ratio Raises Doubts

    Phillips Edison (PECO) reported net profit margins of 11.5%, up from last year’s 9%, highlighting a notable improvement in profitability. Earnings grew 41.1% year over year, outpacing the company’s five-year average growth of 36.9% per year. However, future earnings and revenue are forecast to rise at slower rates of 3.95% and 5% per year respectively. As share price remains high relative to industry peers, investors now face the trade-off between strong historical growth and a steep valuation multiple.

    See our full analysis for Phillips Edison.

    Next, we will see how these headline results stand up when compared to the key narratives shaping sentiment around Phillips Edison. Some expectations may hold up, while others could be challenged.

    See what the community is saying about Phillips Edison

    NasdaqGS:PECO Earnings & Revenue History as at Oct 2025

    • Renewal leases at Phillips Edison are generating spreads of over 20%, while new leases are delivering more than 30% spreads. Both factors support recurring income and gradual net margin expansion.

    • According to the analysts’ consensus view, these strong leasing spreads back up the idea that demographic tailwinds in suburban markets and high occupancy rates, currently at a record 97.4%, are helping to reinforce stable, long-term revenue and NOI growth.

      • Portfolio trade areas average a $92,000 median income, which is 15% above the US average and supports the narrative of rising foot traffic and tenant sales based on concrete demographic strength.

      • Omnichannel trends and necessity-based tenant demand, as highlighted in the consensus narrative, support higher rent escalations and retention rates. This benefits both current returns and the margin outlook over time.

    What’s driving analysts’ conviction? Bulls and bears both see unusually sticky demand, but only time will tell if those 97.4% occupancy rates can stay this high.
    📊 Read the full Phillips Edison Consensus Narrative.

    • With 95% of its debt fixed-rate and a weighted average maturity of 5.7 years, Phillips Edison’s balance sheet is designed to handle rising rates. This lets management focus on strategic acquisitions rather than dilutive equity raises.

    • Analysts’ consensus narrative highlights how a disciplined approach to new property deals, often below replacement cost and at a 6%+ cap rate, positions Phillips Edison to steadily grow earnings and FFO, even in a competitive real estate environment.

      • Low leverage of 5.4x EBITDAre allows PECO to opportunistically pursue high-growth, grocery-anchored properties, supporting external growth without overextending the balance sheet.

      • This active “portfolio recycling” and acquisition strategy is seen by consensus as a core ingredient for long-term FFO and EPS expansion, especially while institutional investor demand for stable, necessity-based retail remains high.

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  • Exploring Valuation After Launch of Premium Avis First Service in Europe

    Exploring Valuation After Launch of Premium Avis First Service in Europe

    Avis Budget Group (CAR) has introduced Avis First, a premium concierge-style car rental service now available at select European airports. The announcement highlights an effort to elevate customer experience and reposition the brand within the competitive premium travel segment.

    See our latest analysis for Avis Budget Group.

    Avis Budget Group’s rollout of Avis First comes at a dynamic time for the stock. After a volatile nine months, the share price has rebounded sharply with a year-to-date return of 95.2% and a one-year total shareholder return of 90.6%. Momentum is clearly building again, even as the company navigates broader market shifts and pushes for growth through premium services like this.

    If premium offerings like Avis First have you curious about what else is trending in the travel and mobility sector, it could be the perfect opportunity to explore See the full list for free.

    With shares trading above some analyst targets, the big question emerges: is Avis Budget Group’s recent rally justified by fundamentals, or are we simply seeing future growth already priced in? Is there still value to be found for buyers, or have markets already factored in all the upside?

    With last close at $157.01 and the most widely followed narrative setting fair value at $148, sentiment is heated. The stock’s current price bakes in optimistic growth. Are bold business shifts justified, or is the narrative ahead of reality?

    The launch and rapid scaling of Avis First, a premium rental offering, could be fueling expectations of significant revenue and margin expansion, as investors anticipate a sustained uplift in average revenue per day (RPD) and market share capture from price-insensitive travelers; this optimism may not fully account for competitive responses or changing customer preferences, increasing the risk that future revenue and net margin improvements fall short of current valuations.

    Read the complete narrative.

    What are the hidden drivers behind such a premium price tag? The projections fueling this narrative rely on future profitability metrics that are not typical for this sector. Want to find out if aggressive revenue growth, margin leaps, or declining share counts drive this narrative’s math? The dramatic inflection points behind the fair value are more surprising than you might expect. See for yourself how the pieces fit together.

    Result: Fair Value of $148 (OVERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, if premium demand falters or competition intensifies, the company’s anticipated revenue growth and improving margins could quickly come under pressure.

    Find out about the key risks to this Avis Budget Group narrative.

    Looking beyond fair value calculations, Avis Budget Group’s price-to-sales ratio stands at just 0.5x. This is well below the peer average of 2.6x and the US Transportation industry average of 1.3x. This wide gap raises questions: is the market missing an opportunity, or does it signal underlying risks?

    See what the numbers say about this price — find out in our valuation breakdown.

    NasdaqGS:CAR PS Ratio as at Oct 2025

    If the numbers or stories above don’t quite fit your perspective, you can explore the details and form your own opinion in just minutes. Do it your way.

    A great starting point for your Avis Budget Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

    Missed opportunities are just a click away! Use the Simply Wall Street Screener to uncover overlooked pockets of value, emerging technology leaders, and resilient dividend growers poised for tomorrow’s market moves.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include CAR.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • $17.7M One-Off Loss Pressures Margins, Challenging Growth Optimism

    $17.7M One-Off Loss Pressures Margins, Challenging Growth Optimism

    ChoiceOne Financial Services (COFS) has posted average annual earnings growth of 0.9% over the past five years, but the latest results reflect net profit margins dropping to 13% from 27.2% a year ago. The company also recorded a significant one-off loss of $17.7 million in the last 12 months, weighing on reported numbers. Despite the margin pressure and recent loss, analysts project robust earnings growth of 28.9% per year, which is well above the expected pace for the broader US market. However, revenue growth is forecast to trail overall industry trends.

    See our full analysis for ChoiceOne Financial Services.

    Next, we will see how the numbers compare to the most widely held narratives in the market and where investors might want to challenge their assumptions.

    Curious how numbers become stories that shape markets? Explore Community Narratives

    NasdaqCM:COFS Earnings & Revenue History as at Oct 2025

    • The $17.7 million one-off loss in the past year directly reduced net profit margins to 13%, a significant drop compared to the prior year’s 27.2%. This occurred even as revenue is projected to rise moderately at 6% per year.

    • Bulls would normally argue that strong earnings growth projections support resilience even after setbacks. However, projected 28.9% earnings growth now coexists with worsened profitability metrics linked to the recent large loss.

      • Robust forward earnings expectations surpass the overall US market. At the same time, the impact of such a major non-recurring loss invites questions about the underlying quality of these projected gains.

      • While optimism surrounds future growth, the margin reversal and sizable loss may test bullish confidence if similar surprises continue.

    • At a price-to-earnings ratio of 32.5x, COFS trades at a much higher level than both the peer average of 9.7x and the US Banks industry average of 11.2x. This indicates the stock is valued at a notable premium versus comparables.

    • Critics highlight that, while discounted cash flow valuation suggests a substantial 54% gap between the current $30.59 share price and the DCF fair value of $66.35, the sharp premium on the P/E ratio compared with industry standards creates tension for anyone concerned about overpaying for future growth.

      • The current P/E multiple implies very high expectations are already priced in, even with forecasted earnings expansion.

      • This valuation disconnect prompts cautious investors to question whether predicted growth justifies paying so far above both company peers and the sector as a whole.

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  • Lea Bank (OM:LEA) Margin Beat Reinforces Bullish Narratives on Turnaround and Growth Prospects

    Lea Bank (OM:LEA) Margin Beat Reinforces Bullish Narratives on Turnaround and Growth Prospects

    Lea Bank (OM:LEA) delivered a notable set of numbers this quarter, with net profit margins climbing to 32.1%, up from 28.9% last year, and EPS growth hitting 25.8% after several years of declines. Looking forward, analysts expect the bank’s earnings to grow by an impressive 24.8% per year over the next three years, easily outpacing the wider Swedish market forecast of 12.6%. With robust revenue and profit trends, improved margin quality, and a share price of SEK12.8 that currently sits below estimated fair value, the risk-reward outlook appears solid for investors tracking the turnaround story.

    See our full analysis for Lea Bank.

    The next section sets these latest results alongside the most widely followed narratives for Lea Bank, giving a clearer view of where the numbers confirm the story and where they raise new questions.

    Curious how numbers become stories that shape markets? Explore Community Narratives

    OM:LEA Earnings & Revenue History as at Oct 2025

    • Lea Bank’s net profit margin climbed to 32.1%, well above the industry average, after sitting at 28.9% a year ago. This places it firmly ahead of broader European banks.

    • Profitability heavily supports a constructive outlook because

      • the bank’s margin improvement coincides with a reversal from years of average 28.4% annual earnings decline and highlights management’s shift in strategy,

      • robust net profit margins often make future growth more durable, especially if revenue projections of 30.4% per year are realized.

    • Forward guidance expects earnings to rise by 24.8% annually and revenue by 30.4% per year. Both measures significantly outpace the wider Swedish market’s 12.6% and 3.9% growth rates respectively.

    • The projected growth path stands out for two reasons:

      • Current forecasts set Lea Bank apart from local and regional competitors, emphasizing its growth as not just a rebound but a real shift ahead of market trends,

      • such outperformance, if delivered, may establish Lea Bank as one of the region’s faster-growing lenders and support further re-rating by investors watching for sustained upside.

    • The share price of SEK12.8 still trades below its DCF fair value of SEK18.13. With a P/E of 11x, it is priced below peer averages of 12.5x but trades slightly above the European industry average P/E of 9.7x.

    • This pricing presents a mixed but compelling opportunity:

      • investors are getting a discount to both fair value and typical peer multiples, reducing downside risk for value-oriented buyers,

      • a modest premium to the wider European bank sector means some caution persists, especially for those prioritizing sector-wide bargains.

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  • Slower 6.8% Earnings Growth Challenges Bullish Valuation Narratives

    Slower 6.8% Earnings Growth Challenges Bullish Valuation Narratives

    EastGroup Properties (EGP) posted earnings growth of 6.8% in the last year, coming in below its 14.3% per year average over the past five years. Net profit margins slipped to 35.7% from 37% in the previous year, while the shares are trading at $177.2, well below an estimated fair value of $230.46 by discounted cash flow. With earnings growth projected at 10.3% annually and revenue expected to rise 9.7% per year, investors will note the company’s continued profitability and attractive dividend, but may also weigh its premium valuation against peers and recent moderation in profit growth.

    See our full analysis for EastGroup Properties.

    The next section puts these results head-to-head with the most widely followed narratives for EastGroup Properties, highlighting where the numbers confirm or challenge investor sentiment.

    See what the community is saying about EastGroup Properties

    NYSE:EGP Earnings & Revenue History as at Oct 2025

    • Net profit margin slipped to 35.7%, down from 37% last year, but analysts project an increase to 36.9% over the next three years as revenue and earnings scale up.

    • Analysts’ consensus view highlights that persistent demand for logistics space in Sunbelt markets, coupled with limited new supply, underpins continued pricing power and potential for further margin recovery.

      • Margin expansion is expected to benefit from structural migration to high-growth states. This supports net operating income stability even as certain regional assets face headwinds.

      • Consensus narrative notes that the company’s focus on infill, last-mile logistics keeps occupancy high and reinforces robust rental growth that earns back some margin lost in recent periods.

    • To see how both margin resilience and local headwinds shape analyst views, see where the consensus stands for EastGroup Properties. 📊 Read the full EastGroup Properties Consensus Narrative.

    • EastGroup trades at a price-to-earnings ratio of 38x, notably higher than the sector average of 16.7x and the peer average of 29.2x, despite recent moderation in earnings growth.

    • Analysts’ consensus view contends that while pricing could appear stretched, the company’s robust balance sheet and land bank provide the opportunity to pursue new developments if capital access improves.

      • Consensus expects future PE to rise further, reaching 45.3x on projected 2028 figures. This remains well above the US Industrial REITs industry and validates a premium only if multi-year growth is maintained.

      • Still, valuation upside rests on EastGroup sustaining high occupancy and rental spreads amid forecasts for share count dilution and evolving capital markets.

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  • Can Central Bank Digital Currencies Improve the Delivery of Social Safety Nets?

    Can Central Bank Digital Currencies Improve the Delivery of Social Safety Nets?


    Summary



    This paper explores how central bank digital currencies (CBDCs) could enhance the delivery of social safety nets (SSNs). It assesses CBDC design features and their implications for payment administration and delivery. Findings suggest that using CBDCs solely as payment delivery solutions offers limited advantages over existing systems such as faster payment systems. However, leveraging CBDCs as payment administration platforms—with peer-to-peer transfers, decentralized ledger access, and advanced programmability—could transform SSN delivery by enabling agencies to automate transfers, operate independently from private financial intermediaries, and monitor transactions directly. These benefits come with significant challenges, including privacy concerns, compliance risks, and infrastructure requirements. The paper emphasizes that realizing CBDCs’ full potential for SSNs will depend on thoughtful integration with existing systems and a clear understanding of their comparative advantages. Aimed at social protection policymakers and finance specialists, it highlights the need for collaboration between CBDC developers and SSN administrators to ensure that digital currencies effectively support inclusive and efficient benefit delivery.



    Subject:

    Blockchain and DLT,
    Central Bank digital currencies,
    Smart contracts,
    Technology



    Keywords:

    Blockchain and DLT,
    Central Bank digital currencies,
    Central Bank Digital Currencies,
    Financial Inclusion,
    Fintech,
    Government Transfers,
    Payment Systems,
    Smart contracts,
    Social Safety Nets

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  • How Investors May Respond To Expedia Group (EXPE) Wetour Integration of AI Trip Planner and B2B APIs

    How Investors May Respond To Expedia Group (EXPE) Wetour Integration of AI Trip Planner and B2B APIs

    • In recent days, Webus International Limited announced its Wetour platform will integrate Expedia Group’s newly launched AI-powered Trip Planner and B2B APIs, aiming to boost hotel booking efficiency and personalized travel experiences for global users.

    • This move highlights increasing adoption of Expedia’s AI-driven capabilities by partners, signaling expanding influence of its tools across the online travel industry.

    • We’ll examine how Wetour’s adoption of Expedia’s AI suite could enhance B2B growth and reshape Expedia Group’s investment narrative.

    Uncover the next big thing with financially sound penny stocks that balance risk and reward.

    Expedia Group’s investment story centers on the belief that artificial intelligence and deepening B2B alliances can drive sustained revenue and margin expansion, particularly as digital booking trends accelerate globally. The recent Wetour integration of Expedia’s AI-powered Trip Planner underscores technological differentiation and growing demand from partners, but does not materially offset persistent reliance on U.S. travel health and consumer spending, factors that still dominate near-term catalysts and risk. Investors may view this as a long-term growth lever rather than a near-term game-changer.

    Among recent announcements, the October rollout of Smart Trip AI™ and suite of B2B APIs is highly relevant, as it forms the technical foundation for Expedia’s new partnerships like Wetour. This aligns with analyst expectations for higher B2B and recurring revenue streams, underpinning net margin stability, but also reflects broader efforts to cushion the business from cyclical consumer softness while increasing technology-driven differentiation.

    But while these advances are promising, investors should still be mindful of increasing competition and the risk that more AI-enabled travel platforms could…

    Read the full narrative on Expedia Group (it’s free!)

    Expedia Group’s outlook forecasts $16.9 billion in revenue and $2.1 billion in earnings by 2028. This projection assumes a 6.4% annual revenue growth rate and a $1.0 billion increase in earnings from the current $1.1 billion.

    Uncover how Expedia Group’s forecasts yield a $224.30 fair value, in line with its current price.

    EXPE Community Fair Values as at Oct 2025

    Eight members of the Simply Wall St Community set fair value estimates for Expedia Group ranging from US$132.67 to US$423.46, covering multiple viewpoints. With competition rising across AI travel platforms, considering this wide spectrum of expectations may offer context for your own assessment.

    Explore 8 other fair value estimates on Expedia Group – why the stock might be worth as much as 93% more than the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    Every day counts. These free picks are already gaining attention. See them before the crowd does:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include EXPE.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Margins Steady at 27.6% While Growth Slows, Reinforcing Value-Focused Narratives

    Margins Steady at 27.6% While Growth Slows, Reinforcing Value-Focused Narratives

    WSFS Financial (WSFS) posted earnings growth of 5.9% over the past year, moderating from its five-year annual average of 10%. Net profit margins edged up to 27.6% from last year’s 27.1%. The share price of $53.02 remains well below the estimated fair value of $113.94, and the company’s P/E ratio of 10.6x sits lower than peer and industry averages. With revenue and earnings projected to grow slower than the broader US market, the focus is on WSFS’s disciplined valuation and consistently healthy profits. This gives value-oriented investors reasons to stay interested even as growth prospects appear more subdued.

    See our full analysis for WSFS Financial.

    Next, we’ll put the results head-to-head with the market’s dominant narratives and see where the numbers back up or buck prevailing sentiment.

    See what the community is saying about WSFS Financial

    NasdaqGS:WSFS Earnings & Revenue History as at Oct 2025

    • Net profit margins improved to 27.6% this year, a modest increase from last year’s 27.1%, even as earnings growth slowed to 5.9% compared to the five-year annual average of 10%.

    • Analysts’ consensus view highlights management’s focus on digital modernization and operational efficiency as key factors helping to counter softer revenue growth.

      • Recent enhancements in online and mobile platforms are expected to help reduce costs, support efficiency, and maintain competitive customer experiences.

      • Stable margins set WSFS apart when compared to peers facing similar growth constraints, which could lift relative valuation over time.

    • To see how WSFS’s margin story fits into broader market expectations, read the consensus case for context. 📊 Read the full WSFS Financial Consensus Narrative.

    • Non-interest income sources such as wealth management and trust services are bolstering revenue diversity, and analysts anticipate a 4.97% annual decline in shares outstanding due to continued aggressive buybacks.

    • According to the consensus narrative, investors value WSFS’s strategic emphasis on building stable, fee-based income and pursuing opportunistic M&A.

      • Greater non-interest income can provide a cushion against rate-related margin pressure in the traditional lending business.

      • Declining share count could amplify earnings per share, offering a buffer during periods of modest organic growth.

    • Shares trade at $53.02 with a price-to-earnings ratio of 10.6x, notably below the bank industry’s 11.2x average and both the DCF fair value estimate of $113.94 and analyst target of $63.5.

    • The consensus narrative points out that WSFS’s disciplined valuation, combined with its high-quality earnings, could present value-oriented investors with upside if the firm executes on its digital and non-interest income strategies.

      • Peer and industry discount suggests the market doubts the company can return to faster growth or that risks remain underappreciated.

      • However, stable profit margins and capital discipline improve the chances that WSFS can deliver attractive returns even if growth lags the broader market.

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  • A Quarterly Projection Model for the Bank of Mauritius

    A Quarterly Projection Model for the Bank of Mauritius


    Summary



    This paper presents the Mauritius Quarterly Projection Model (QPM), the semi-structural analytical tool that underpins the modernized Forecasting and Policy Analysis System of the Bank of Mauritius (BOM). The model is designed to capture the salient features of the domestic economy, including key monetary policy transmission channels and the recently introduced flexible inflation targeting framework. Relative to canonical QPM structures, it also incorporates a parsimonious fiscal block and a labor market block, providing key insights on broader macroeconomic dynamics and enriching the policy advice. The model optimally balances theoretical consistency—evident in coherent shock propagation and policy responses—and empirical reliability, as reflected in its strong in-sample forecasting performance. The practical use of the Mauritius QPM in the context of the BOM’s regular forecasting cycles for the production of baseline projections, counterfactual simulations and alternative scenarios, together with the corresponding model-based economic narratives, make it a critical component of the BOM’s forward-looking monetary policy formulation.



    Subject:

    Exchange rates,
    Foreign exchange,
    Inflation,
    Labor,
    Labor markets,
    Output gap,
    Prices,
    Production,
    Real effective exchange rates,
    Real wages,
    Wages



    Keywords:

    Exchange rates,
    Forecasting and Policy Analysis,
    Global,
    Inflation,
    Labor markets,
    Mauritius,
    Monetary Policy,
    Output gap,
    Quarterly Projection Model,
    Real effective exchange rates,
    Real wages,
    Transmission Mechanism,
    Wages

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