Estonia Should Slow Minimum-Wage Rises
World Economy

Estonia Should Slow Minimum-Wage Rises

Estonia has to increase its minimum wage more slowly after 2017 to avoid eroding its competitiveness, the head of the International Monetary Fund’s mission to the Baltic country said, Bloomberg reported. Decelerating productivity growth and weaker export expansion show that Estonia can’t afford to continue with increases like those agreed last week, for a 10% bump next year and 9% in 2017, the IMF’s Christoph Klingen said in an interview in Tallinn on Monday. The monthly minimum wage, at €390 ($441), is negotiated between trade unions and employers, with the government holding the right to veto.

Short URL : https://goo.gl/TnRn0I
  1. https://goo.gl/4Sxy2G
  • https://goo.gl/wmrl40
  • https://goo.gl/JCHe9A
  • https://goo.gl/m5U8Lg
  • https://goo.gl/k4qW0O

You can also read ...

 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...