The International Labor Organization (ILO) has warned that fiscal austerity and labor market reforms had a ‘devastating consequences’ for employment worldwide.
economic recovery
Global Economy Is On The Brink Of Deeper Job Recession, ILO Warns
The global economy is on the brink of deeper job recession that may spark social unrest the International Labor Organization (ILO) has warned.
Germany Overcomes Financial Crisis, Instilling Own Vision Of Economic Growth
Germany best performance since reunification 20 years ago which is equivalent to nearly 9 percent annual economic growth rate or a quarter on quarter economic growth of 2.2 percent as it was announced by the government.
China Dislodges Japan As Largest Economy
Japan’s nominal gross domestic product (GDP) which is not adjusted for price and seasonal variations, was worth US $1.286 trillion dollars in the second quarter of the year (April-June), as compared to China with US $1.335 trillion dollars of the same quarter.