EU Trims Romania 2008 Wage Growth To 10.4% From 12.2%
For 2009, the commission expects a more pronounced acceleration of wage growth in Romania, of 11.3%.
Labor productivity growth is forecast at 5.2% in 2008 and is expected to decelerate to 4.2% in 2009.
The commission projected a slight decline in the unemployment rate in Romania for 2008, at 6.1% from 6.4% in 2007. For 2009, unemployment is set to reach 5.9%.
Romania’s prognosis commission estimated average net wage will grow by 15.2% to RON1,202 in 2008.