Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

European inflation the lowest in the world, but average real salaries decrease

Posted by fidest press agency su venerdì, 15 novembre 2019

Despite European inflation forecasted to be the lowest in the world next year at 1.7 percent, the average forecasted real salary increase across the continent is expected to be 1.1 percent, down 0.1 percent on last year’s figure.After employees in Ukraine experienced a 1.7 percent increase after inflation to their salaries in 2019, the improved inflation forecast in the country means that workers look set to receive a real salary increase of 4.1 percent – the highest in Europe next year. This follows a year of salary contraction in 2018 where real wages shrank by 0.9 percent and would see a total real salary increase of 5.9 percent in just two years. Ukraine is also the only European country to be in the top 10 for highest real salary increases in the world next year, and the only nation outside of the Asia-Pacific region.Kilfedder explained “After several tough years with salary rises lower than inflation – in 2015 they were 40.5% lower – Ukrainian employees may finally see some light at the end of the tunnel with the joint 5th highest real increases globally in 2020. The nominal increase is set to be 10.0% on average, but with inflation expected to drop dramatically to 5.9%, this will result in an average real salary of 4.1% – the highest in Europe.” (font: ECA International http://www.eca-international.com)

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