A drop in inflation could result in a faster rise in real wages in the second half of the year, an economist from the Polish Economic Institute (PIE) said.
Dawid Sulkowski said economic stagnation had led to a shrinking labour market, which in turn hampered wage growth. But, he said that if inflation were to drop, wages could begin to rise at a faster pace from quarter three.
He added that wages had risen the slowest in sectors hit hardest by the global economic slowdown such as commerce (11.3%) and the construction industry (5.8%). He added that the fastest growth was recorded in transport (18.7%).
The Central Statistical Office (GUS) said that wages in March rose by 12.6% YoY and by 6.3% MoM. (PAP/Business World Magazine)
