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ECB predicts “very strong” wage advance in coming quarters

The European Central Bank (ECB) predicts that the advancement of wages in the euro zone should be “very strong” in the coming quarters in relation to historical standards, reflecting the solidity of the labor markets, which so far have not been substantially affected by the slowdown economical.

In an article published this Monday (9), the ECB points out that, taking into account inflationary effects, real wages are now substantially lower than before the Covid-19 pandemic, which should lead unions to demand adjustments more robust wages in the next rounds of negotiations.

In addition to the short term, the expected slowdown in the euro zone and uncertainties about the economic outlook should restrict the advancement of wages, says the ECB.

This Monday’s article precedes the ECB’s monthly economic bulletin, which will be published on Thursday (12).

Source: CNN Brasil

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