Wages in Singapore grew 3.2% in 2024, fewer firms planning increase in 2025

SINGAPORE (Reuters) -Real wages in Singapore grew 3.2% in 2024 compared to 0.4% in 2023, government data on Wednesday showed.

However, the share of firms planning wage increases going forward has declined to 22% in March compared to 32% in December 2024 because of geopolitical tensions and global trade uncertainties, according to a survey by the manpower ministry.

(Reporting by Xinghui Kok; Editing by Muralikumar Anantharaman)

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