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Reading the recruiter tea leaves

Reading the recruiter tea leaves

Recruitment companies can be seen as bellwethers for the health of the global economy. Hiring activity is predicated on business sentiment, which feeds off the wider macroeconomic backdrop. Last year, the global stage was dominated by US-China trade war sabre rattling, anti-government protests in Hong Kong and the usual perpetual Brexit uncertainty. These macroeconomic anxieties culminated in profit warnings from both Robert Walters (RWA) and PageGroup (PAGE) in mid October. With a UK election, strikes in France and Australian bushfires subsequently coming along, these exacerbated already challenging trading conditions.

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