In the period January-November 2017, on average earnings increased markedly in Hungary. Growth has been fuelled by several factors. The wage agreement concluded in November 2016 and the strong impetus it had given to the economy coupled with pressing labour shortages caused wages to rise dynamically. In the observed period, the earnings gap between the poorest and the wealthiest counties has slightly narrowed. Experts predict that this year’s earnings growth rate will be similar to the increase seen in 2017.

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(Ministry for National Economy)