Podcasts Other Radio Prague International - Topic «Business» Economist: Middle income bracket will be worst affected by real wage decline

Economist: Middle income bracket will be worst affected by real wage decline

Published: Nov. 22, 2022, 1:02 p.m.

b'This year will see real wage decline in Czechia reach 8.3 percent, the largest such drop within the Visegrad Group (Czechia, Hungary, Poland, Slovakia), according to an analysis conducted by investment firm Cyrrus. Meanwhile, for next year the firm expects real wages to fall by 0.1 percent. I asked Cyrrus\\u2019 chief economist V\\xedt Hradil why this is the case.'