Real wages rise expected by 2005

Real wages will continue to fall this year and next, but will then rise by 2 percent in 2005 and 3 percent in 2006, says a Finance Ministry report approved by the cabinet. Other experts predict better results.

"Our prognosis is more optimistic than that published by the Finance Ministry. We expect real wage growth of 3.9 percent in 2005," VUB bank chief economist Vladimír Zlacký told the state news agency TASR.

Several experts in the banking sector expect falls in inflation and rises in productivity to have a positive effect on real wages, which could see a rise of more than 3 percent in 2005.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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