Analysts do not expect a substantial slowdown in earnings growth this year

By: Trademagazin editor Date: 2020. 11. 02. 11:30

Analysts interviewed by MTI did not expect a substantial slowdown in wage growth this year, who also drew attention to fluctuations in the composition of employees, which could lead to uncertainty and bias in the statistics. Wage growth is expected to moderate next year, as employers are expected to be more cautious about wage negotiations due to the uncertain outlook, although this year’s wage dynamics are mostly fueled by raising the minimum wage.

According to a report by the Central Statistical Office (KSH) published on Friday, average gross earnings were 9.1 percent higher in August than a year before, and wages rose 9.9 percent in the first eight months of the year. Real wages in August were 5.0 percent higher than a year before. (MTI)