BIEC: Highest growth of prosperity index since 2011

The prosperity index calculated by the Bureau for Investments and Economic Cycles (BIEC) grew by 1.6 points in July m/m and stands at 105.2 points. "It has been the highest growth of the index since January 2011. It was driven by a significant increase in wages of 7 percent, a result that hasn't been seen since 2007," a statement read.