Economists: wage growth in Latvia to remain moderate in coming period
Bank economists say wage growth in Latvia will remain moderate in the near term, commenting on newly published second-quarter data from the Central Statistical Bureau. A significant further slowdown in growth is not expected.
Wage growth dynamics in Latvia are unlikely to change substantially in the coming months, according to an assessment by bank economists following the release of second-quarter wage data by the Central Statistical Bureau (CSP).
Experts note that pay increases will continue at a moderate pace, while at the same time they do not anticipate a marked further slowdown in that pace. This suggests that the current growth trend is likely to continue in the near term without sharp changes.
The CSP's second-quarter figures formed the basis for the bank economists' comments, which emphasized that changes in wages are occurring gradually rather than through sudden swings.
