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Accelerating Hungarian Wage Growth Cannot Keep up with Inflation

2022. október 24.

ING THINK

Average wage growth accelerated in August due to additional, intra-year wage increases. However, real wage growth is on the brink of sinking into negative territory. Typically, double-digit wage growth would generate a lot of talk about a rosy economic outlook and wage convergence. Unfortunately, this is not the case today.

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