The ECB has published the ‘Staff macroeconomic projections for the euro area’. According to this report the real disposable income is expected to gain momentum in 2019 before weakening in 2020 and 2021. Both weakening nominal income growth and gradually rising inflation are expected to dampen real income growth in 2020 and 2021. The contribution of gross wages and salaries to nominal disposable income growth is projected to decline in 2020 and to remain broadly unchanged in 2021.
Read the report: in English ... in English (2) ...
For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
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