Monday, September 22, 2014   

EU expects recovery to lower unemployment faster
(05-05 17:17)

The European Union's executive arm says the 28-nation bloc's economic recovery is firmly under way and will help bring down high unemployment faster than previously expected.
The EU Commission said Monday it now expects the unemployment rate across the 18 nations using the euro currency to drop to 11.8 percent this year and 11.4 percent in 2015. Its previous forecast foresaw an unemployment rate of 12 percent in 2014 and 11.7 percent for 2015.
Unemployment is now also expected to fall more rapidly for the wider EU, which includes members like Britain that don't use the euro.
The new forecast sticks to the growth target of 1.2 percent in the eurozone this year but slightly revises downward the forecast for 2015 by 0.1 percentage points to 1.7 percent. --AP   
Other Business breaking news:
Bosch in 3-bn-euro buyout of Siemens in home appliance joint venture (3 mins ago)
OSI laying off hundreds from troubled China food plant (6 mins ago)
Nikkei ends lower (52 mins ago)
European stocks markets drop at open (52 mins ago)
Microsoft delays launch of Xbox in China (1 hr 33 mins ago)
Tesco reveals 'serious' profit error (1 hr 34 mins ago)
Hang Seng down at midday (09-22 12:24)
Japan business delegation visits China (09-22 11:50)
Siemens to buy US oil equipment maker Dresser-Rand (09-22 11:24)
Nikkei slips by break (09-22 11:09)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.