Czech Republic: Real Wages Shrink

Business › Economy ♦ Published: September 9, 2013; 07:52 ♦ (Vindobona)

In the second quarter, nominal wage growth came at 1.2%. Real wages were down by 0.3%, however.

Czech Republic: Real Wages Shrink / Picture: © Vindobona.org

In the second quarter, nominal wages moved up by 1.2% to CZK 25,000. With an inflation of 1.5%, real wages continued to decrease slightly.

According to economists, the expected recovery will not bring a trend reversal. In total, expected nominal wage growth is expected to come at 2.0% this year.

The Czech economy is close to leave the recession behind. From April to June,…

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