German Wage Gains at Decade High Give Some Hope for Economy
- Inflation-adjusted salaries rise 3.2% in 2024, institute says
- German economy is likely to see second year of contraction
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Inflation-adjusted wages in Germany will advance at the fastest pace in more than a decade this year, according to a study.
Collective-bargaining salaries will increase 5.5% in 2024, the Institute of Economic and Social Sciences at the Hans Boeckler Foundation — known as WSI — said Friday. That’s a 3.2% rise in real terms, it said.