Are we in an affordability crisis?
Wage growth in many countries has outpaced inflation. So where is the anxiety coming from?
Add BT as a preferred source
“FAMILIES are hurting, people are angry,” warned International Monetary Fund managing director Kristalina Georgieva.
Yet, European Central Bank president Christine Lagarde pointed out that real wages in many economies have recovered to, or even surpassed, pre-pandemic levels.
Both statements can be true. And together, they trigger today’s affordability debate.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Singtel sells S$1 billion in Gulf Development shares
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
