Devmantra Times: 22th Edition 1st December 22

Global Wages Contracted 0.9% in 2022 due to Rising Inflation

Welcome you to the Twenty second edition of Devmantra Times for the month of December 2022

Economic Updates

Global monthly wages contracted to 0.9% in first half of 2022 owing to rising inflation. Among advanced G20 countries, real wages in the first half of 2022 are estimated to have declined to -2.2%, whereas real wages in emerging G20 countries grew by 0.8%, which is 2.6% less than the pre pandemic year of 2019, it said

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