The Organisation for Economic Co-operation and Development (OECD) says that every economy it monitors suffered a slowdown during September.
Showing posts with label Germany’s policy. Show all posts
Showing posts with label Germany’s policy. Show all posts
Wednesday, November 16, 2011
Tuesday, March 22, 2011
The ILO gives its first comprehensive assessment of Germany’s policy to tackle the crisis
The FINANCIAL -- GENEVA. Despite a dramatic decline in output as a result of the global financial and economic crisis, Germany’s labour market held up well compared with other countries.
Although the economy shrank by 4.7 per cent in 2009, more than in most other countries, employment fell by only 0.2 per cent, whereas the average for the industrialised countries was five times worse than in Germany. This was the conclusion reached by the first comprehensive assessment of Germany’s policy to tackle the crisis, issued by the International Labour Organization (ILO) on March 21.
Although the economy shrank by 4.7 per cent in 2009, more than in most other countries, employment fell by only 0.2 per cent, whereas the average for the industrialised countries was five times worse than in Germany. This was the conclusion reached by the first comprehensive assessment of Germany’s policy to tackle the crisis, issued by the International Labour Organization (ILO) on March 21.
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