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Global inflation's drama sparks major pay raise
(MENAFN) The slumping global economy is well anticipated to get the much needed push from stronger consumer demand in 2016, as low inflation boosts the real worth of workers' pay increases to a three-year high.
A reality check shows that the severe drop in in oil prices has pushed inflation sharply lower, however it means real salaries are forecasted to climb by an average of 2.5 percent worldwide over the following year.
In particular, US workers are on course for a 3 percent jump in wages at the start of 2016, resulting in a 2.7 percent rise in real pay considering the expected annual inflation of about 0.3 percent over the same time.
The major gain in real wages by region was projected in Asia where workers in China were likely to see a 6.3 percent growth in 2016 as demand raised for skilled workers despite the economy's economic slowdown.
A reality check shows that the severe drop in in oil prices has pushed inflation sharply lower, however it means real salaries are forecasted to climb by an average of 2.5 percent worldwide over the following year.
In particular, US workers are on course for a 3 percent jump in wages at the start of 2016, resulting in a 2.7 percent rise in real pay considering the expected annual inflation of about 0.3 percent over the same time.
The major gain in real wages by region was projected in Asia where workers in China were likely to see a 6.3 percent growth in 2016 as demand raised for skilled workers despite the economy's economic slowdown.
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