despite faster relative wage growth in emerging economies Archives

UK wages could still be four times higher than wages in India by 2040, despite faster relative wage growth in emerging economies

February 18, 2019

Markets

The FINANCIAL -- Rising real wages in emerging markets will make them increasingly attractive for UK exporters in the decades after Brexit. India is projected to see the fastest real wage growth of the major economies, up by more than 200% in US dollar terms by 2040