Eurozone wages broadly flat despite declining unemployment rates
- PwC analysis suggests that Eurozone wages are becoming more unresponsive to lower unemployment rates – similar to the US and the UK
- Analysis also finds European Central Bank (ECB) and new EU member states have helped to contribute to this trend
- The creation of the European Central Bank, which adjusted downwards the inflation expectations of workers in Southern Eurozone economies, which typically used to experience high rates of inflation
- Admission of Eastern European economies, some with lower income levels, which made labour supply more elastic over time.
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Rowena MearleySenior Manager, Global CommunicationsUnited Kingdomrowena.email@example.com-+44 7952 715 739
Andrea PlasschaertSenior Manager, Global CommunicationsSwitzerlandandrea.firstname.lastname@example.org+41 58 792 9123+41 79 599 9567
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