2023-09-14 04:27:00
Belgian wages are slipping less than expected. According to the latest assessment by the Central Economic Council (CCE), the wage gap between Belgium and neighboring countries is now around 1.7%, indicate L’Echo and De Tijd in their Thursday edition.
A year ago, however, the CCE estimated it at 4.6%. In question, Belgian specificities: our energy prices increasing more quickly than our neighbors, our inflation was higher.
Consequence: automatic indexation requires, salary increases greater than in Germany, France or the Netherlands have taken place. For businesses, this meant a very significant loss of competitiveness.
But quite quickly, this gap turned out to be less than feared. In the spring, it had already halved (2.2%). This reduction already meant that wage increases in neighboring countries exceeded those in Belgium.
The reason for this reduction? Inflation is tending to calm down in Belgium, given the reduction in gas prices. According to current calculations, wage indexation should therefore be relatively low in 2024. At the same time, wages are increasing among our neighbors. And this might continue, since inflation is currently higher there.
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