Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Wage Growth Is Proving Stubborn
In this episode of The European Economy Podcast, Lucas and Luna examine the surprising persistence of wage growth in the Eurozone despite slowing inflation and a cooling labor market. Using data from the ECB's latest wage tracker and the German IFO survey, they discuss how one-off bonus payments and minimum wage hikes in countries like Germany and Spain are keeping wage growth above 4.5%. They also explore the implications for the ECB's interest rate path and the risk of a wage-price spiral. The hosts weigh whether this is a temporary catch-up effect or a structural shift in…
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