In its Economic Bulletin published on Monday, the European Central Bank (ECB) points out that wage growth in the coming quarters will be “very strong”, but that real wages will continue to fall in the coming months.
Additional comments
“Wage growth in the coming quarters is expected to be very strong compared to historical patterns.
“This reflects robust labor markets that have so far not been substantially affected by the slowdown in the economy, increases in national minimum wages, and some recovery between wages and high inflation rates.”
“But the expected economic slowdown and uncertainty about the outlook are likely to put downward pressure on wage growth beyond the near term..”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
