Hirings balance turns positive by almost 20,000 in Sept, boosted by seasonal factors
IMF maintains cautious view on public finances, sees debt declining slowly
Unemployment falls below 14 pct for first time since Oct 2010
IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
Building permit growth slows to 6.8 pct July, activity up by 31 pct in first seven months
Growth in car sales back up to 6.2 pct in Sept
PBO highlights budget, recovery risks in latest report
The quarterly report of Parliament’s Budget Office (PBO) raises some concerns on the budget front as developments over the last months have increased fiscal risks, although achieving the target of 3.5 percent of GDP for this year remains feasible.
More specifically, when applying the ESA methodology and the enhanced surveillance rules, the primary surplus over the first six months of the year is 2.1 billion euros lower than during the same period last year.
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