A forecast from Korn Ferry (USA)  reveals that while 2020 salary increases across the globe are expected to grow at about the same rate as 2019, slowing inflation will mean an increase in real-wage salary growth.
 

Globally, salaries expected to growth at an average rate of 4.9%, according to Korn Ferry.  With global inflation at 4.1 percent, that meant 2019 real-wage salary increases across the globe were only 1.0 percent.

Highest real-wage growth in Asia

In Asia, salaries are forecast to grow by 5.3 percent in 2020. With an inflation rate of 2.2 percent, real-wage salaries are expected to be 3.1 percent. That’s up from a real-wage increase of 2.6 percent last year.

China’s real-wage forecasted growth for 2020 weakened to 2.9 percent, down from 3.2 percent last year and 4.2 percent the year before. Japan saw a real-wage prediction of 0.6 percent, up from last year’s prediction of 0.1 percent. Singapore's forecast of 3.6 percent real-wage increases is up from 3.0 percent last year.

India is likely to see the highest salary growth in Asia at 9.2% in 2020 followed by Indonesia at 8.1% and China at 6%, according to the Korn Ferry Global salary forecast. While countries like Japan are expected to see just 2% salary growth and Taiwan is forecast at 3.9% growth. But when adjusted to the inflation, the real-wage in India is anticipated to be constant at 5%.