BoG revises growth forecast down to 3.2 pct amid growing uncertainty
Credit growth accelerates to 3.2 pct in May, led by loans to businesses
PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
Record low net job balance in Aug but 8-month figure highest since 2001
The employment balance remained negative in August, when net departures rose to 16,128 in August 2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday.
Hirings reached 1.41 million in the 8-month period, while departures stood at 1.18 million, of which more than 53 percent related to layoffs.
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