The Czech Chamber of Commerce predicts major wage growth
Wages in the Czech Republic will grow by 8.6% in 2018. Wage growth higher than 8% should also continue in 2019, according to the latest national economy prognosis of the Czech Chamber of Commerce (HK) based on the model of the general economic balance of Česká Spořitelna. Both the lack of employees and wage growth, as well as a massive local and foreign demand forces companies to invest in more effective production, the Chamber said. This will result in a 4.2% year-on-year labour productivity growth this year.