CFP Warns Portuguese Salaries Now Outpace Output — Wage Bill to Hit 48.5 Per Cent of GDP, Highest Share Since at Least 1995
Portugal's independent fiscal watchdog has issued an unusual warning about the country's labour market — and it is not about unemployment. The Conselho das Finanças Públicas (CFP) projects that compensation of employees will reach 48.5 per cent of...