EU/CESEE: Real Income Shrinks

BusinessEconomy ♦ Published: December 9, 2013; 21:18 ♦ (Vindobona)

In 2013, the real income will do down in Austria. Since 2010, the Austrian real income was down by 1.3%. In Hungary, real income fell by 15% in that period.

EU/CESEE: Real Income Shrinks / Picture: ©

In many EU countries, the real income is stagnating or even decreasing. This is the outcome of the German WSI (Institute for Economic and Social Studies). Last year, real wages were down in 20 EU member countries. This year, twelve EU countries will register a loss in real income. In 2013, Hungary (-3.0%) and Slovenia (-2.1%) are affected most.

Regarding the period from 2001 to…