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ECB notes that wage growth expected to be 'very strong' in the coming quarters
- Taking into account the impact of inflation, real consumer wages are now substantially lower than before the pandemic
- This could lead trade unions to demand higher wage increases in upcoming negotiation rounds
- Looking ahead, wage growth over the next few quarters is expected to be very strong compared with historical patterns
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Posted: Jan 9 2023, 09:06
Author Name: forexlive
Views: 103123