In 2023, the average hourly labour costs in the whole economy (see methodological note) were estimated to be €31.8 in the EU and €35.6 in the euro area, up compared with €30.2 and €34.0, respectively, in 2022. (...)
What economists got wrong in 2025
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Forecasts dwelled too much on Donald Trump’s threats and not enough on
offsetting factors
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