Eurozone negotiated wages rose 4.5 percent by the end of 2023, according to the European Central Bank. This has alleviated fears that higher salaries could keep inflation above target.
Although fourth-quarter wage growth remains high, it fell from the euro zone's record of 4.7 percent set in the previous three months, the ECB-negotiated wage index showed.
The ECB had predicted that wage growth would gradually slow over time to 3.3 percent in 2026 from 5.3 percent in 2023, in terms of compensation per employee.
Source (Al Khaleej Emirati Newspaper, Edited)
