ILO notes a slowdown in real wage growth in G20 countries

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The International Labor Organization analyzed the level of real wages in the G20 countries in 2017 and concluded that its growth had been slowing, Bloomberg writes. According to the ILO, last year real wages in the G20 countries increased by 2.1%. The growth rate of the indicator slowed down compared with a rise of 2.7% in 2016. The countries with a developed economy that were part of the G20, where there was a recovery in economic growth and a decrease in unemployment, showed the weakest real wage growth since 2014 - only by 0.4%. At the same time, in countries with a developing economy that are members of the G20, an increase of 4.3% was observed. ILO Director-General Guy Ryder noted that, according to preliminary data, wages continue to grow slowly this year.

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