Zámečník: Real wages will reach very high growth this year
23. 1. 2024
5 min. reading
Interview with Miroslav Zámečník, Chief Advisor of the Czech Banking Association
Wage demands have been persistently high in a tight labour market, with an estimated increase of around 6-7% this year. With inflation falling, real wages will therefore rise significantly for the first time in a long time. In this context, consumer demand, which was relatively low last year, should also recover. Nevertheless, people and companies are repaying extremely well and last year was a record year in terms of the share of non-performing loans.