Job Market Monitor
Eurozone
EU tells Greece to cut more jobs, sees 2014 growth | Reuters
The Greek economy will only return to growth in 2014 after a four-year recession that will shrink output by 17 percent, EU officials said on Tuesday, warning Athens it needs to cut wages further to bring its public debt to manageable levels. Speaking hours after euro zone finance ministers agreed a 130 billion euro ($172 … Continue reading
EU tells Greece to cut more jobs, sees 2014 growth | Reuters
The Greek economy will only return to growth in 2014 after a four-year recession that will shrink output by 17 percent, EU officials said on Tuesday, warning Athens it needs to cut wages further to bring its public debt to manageable levels. Speaking hours after euro zone finance ministers agreed a 130 billion euro ($172 … Continue reading
IMF warns of HK recession – The Standard
Hong Kong faces a potential recession if the European financial crisis deepens, the International Monetary Fund warned. Economic growth locally is expected to slow to 4 percent in 2012 from 5.75 percent estimated for this year because of weakening external demand, the fund said in a report released yesterday. In the third quarter, the economy … Continue reading
Eurozone unemployment hits new record – BBC News
Unemployment in the eurozone hit a record high at the end of last year, the Eurostat agency has said. The jobless rate in the 17 countries that use the single currency was 10.4% in December, unchanged from November’s figure which was revised up from 10.3%. Some 16.5 million people were out of work in the … Continue reading
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