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The International Labor Organization analyzed the level of real wages in the G20 countries in 2017 and concluded that its growth had been slowing, Bloomberg writes. According to the ILO, last year real wages in the G20 countries increased by 2.1%. The growth rate of the indicator slowed down compared with a rise of 2.7% in 2016. The countries with a developed economy that were part of the G20, where there was a recovery in economic growth and a decrease in unemployment, showed the weakest real wage growth since 2014 - only by 0.4%. At the same time, in countries with a developing economy that are members of the G20, an increase of 4.3% was observed. ILO Director-General Guy Ryder noted that, according to preliminary data, wages continue to grow slowly this year.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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