Russia is in the top ten countries where the growth of the fastest salary is expected in 2023
Rapidly rising inflation will continue to hamper the growth of wages around the world next year. Only 37% of countries take on positive salary growth, and most of them are in Asia, informs Bloomberg, citing research data from the consulting company ECA International. It is based on information from over 360 multinational companies in 68 countries and cities.
According to the company, in 2022, the average salary worldwide fell by 3.8%. Among the most unlucky regions is Europe, where real wages fall by an average of 1.5%. Particularly frequented by workers in the UK. Despite a 3.5% increase in the average wage in the kingdom, in terms of expression it fell by 5.6%. It is expected that in 2023, salaries in the country will drop by another 4%.
In the US, a 4.5% drop in wages this year will be offset by a lower decline next year, resulting in a 1% increase in wages.
The top 10 countries with the biggest wage growth expected next year are India, Vietnam and China, where real wage increases of 4.6%, 4% and 3.8% respectively are projected. This is followed by Brazil (3.4%), Saudi Arabia (2.3%), Malaysia (2.2%), Cambodia (2.2%) and Thailand (2.2%). Rounding out the list are Oman (2.0%) and, oddly enough, Russia, which show that ECAs are predicting a 1.9% salary increase.
Leading with the concentration of Argentina with a target reduction in wages in 2023 by 26.1%, in Lanka (minus 20.5%), Turkey (minus 14.4%), Ghana (minus 11.9%) and consumption (minus 9% ). ,9%).