Russians warned of imminent slowdown in real wage growth
The Central Bank expects that the growth of real wages of Russians will slow down.
Analysts predict that this will happen in 2025.
In 2024, the growth of real wages of Russians will be 7.3%, Izvestia writes. The determining factor is the shortage of personnel.
Against this background, employers are more willing to increase wages in an attempt to resolve the issue of staff shortages.
But a slowdown is just around the corner, experts warn. Real wages will grow by about 3% in 2025. This forecast was compiled with the participation of 41 economists.
According to experts, businesses cannot continue to increase wages at the same rate in the face of expensive loans.
But the Ministry of Economic Development gives a different forecast. In 2024, real wages of Russians will grow by 6.5%, and next year – by 3.6%.
At the same time, the agency expects that by the end of 2024, the inflation rate in Russia will be 5.1%, and in 2025 it will decrease to 4%.
