Wages rising twice as fast as pre-pandemic

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The Central Bank has forecast that wages in Ireland will grow at roughly 5-6% in the next two years.

A study for the bank concluded that the Irish economy has rebounded strongly since lockdown and that wage growth was two to three times pre-pandemic levels between January and June.

“Posted wage growth accelerated in the first half of 2022 to reach roughly two to three times pre-pandemic levels.

 

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