Bleak outlook for pay rises: Australians might have to wait five years for return to 2% wage growth

Posted by on January 17, 2021 11:30 am
Categories: Global Stories

Deloitte forecast grim for wages but paints bright picture for economy if Covid rates remain low and vaccines roll out

Australian workers could be waiting up to five years for wage growth to return to 2%, a respected economic forecaster has said.

Deloitte Access Economics included the bleak outlook for pay rises in a new report that otherwise paints a bright picture for the Australian economy, assuming the country keeps Covid-19 case numbers low and vaccines come online from February.

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