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Sweden - Record growth falling off but still +4.5%

22 June 2011

Growth is slackening this year after a record surge in 2010 of 5.4%. At the same time, unemployment is decreasing more slowly and will not come down to 6% until 2015. Maintaining an expansionary economic policy in the next few years will help Sweden to emerge from the recession more quickly, according...

Switzerland - Economic outlook diminishes once again

22 June 2011

The index of economic expectations, published today by the Centre for European Economic Research (ZEW) on behalf of Crédit Suisse has dropped noticeably in June 2011 for the second consecutive month, falling from -11.5 to the -24.3 mark, which is the lowest level recorded since November 2010.

59.5% of...

Portugal - Economic climate down but exports up +16.2%

22 June 2011

In May 2011, the economic climate index maintained the downward movement started in July 2010. The economic activity index, available until April, slightly diminished, resuming the tenuous descending path observed since September, according to the latest data published by Statistics Portugal (INE).


UK - Recruiters expand into Singapore following APSCo trade delegation

22 June 2011

UK recruiters are opening offices and winning new business in Singapore - one of the fastest growing economies in the world - following the largest ever recruitment trade delegation, led by the Association of Professional Staffing Companies (APSCo).

The trade delegation - from 24 to 27 May 2011- was organised...

UK - Private sector jobs recovery continues

21 June 2011

Recruitment prospects are picking up across the private sector, particularly for professional and highly-skilled staff, but there is little wage growth in the economy as pay restraint remains the norm, according to a new survey published today by the Confederation of British Industry (CBI) and recruitment...

Germany - Borders open to non-EU doctors and engineers

21 June 2011

According to recent research by employer organisation BDA, there is a shortage of -150,000 mathematicians, software specialists, scientists and technicians in the country, a 10 year high.

The government has now decided to drop its 'Germans and European Union (EU) citizens first' approach for medical doctors...

Europe - Maternity leave proposals rejected

21 June 2011

The government has welcomed moves to shelve European Union (EU) maternity leave plans which would have cost the Treasury an extra 2.5 billion Pounds a year, The Independent newspaper reports.
EU ministers meeting in Luxembourg decided by a majority to ditch proposals to extend minimum maternity...

Germany - Economic expectations considerably lower

21 June 2011

The Economic Sentiment Index for Germany, published today, by the Centre for European Economic Research (ZEW) has dropped by 12.1 points in June 2011. The index now stands at -9.0 points. This value is below the indicator's historical average of 26.3 points.

To the fall in the index may well be due to...

Switzerland - GDP forecast to grow by +2.8%

21 June 2011

This year, the Swiss economy is forecast to grow by +2.8%. This is based on increased exports (+5.4%), a stable consumption growth (+1.0%), as well as sustained, strong population growth. Next year, Gross Domestic Product (GDP) growth should reach +1.9%. The reason for slower growth is the strong Franc...

Switzerland - 85% in favour of minimum wage introduction

21 June 2011

85% of the population are in favour of a legally binding minimum wage, according to a new survey by research firm Link carried out on behalf of the Federation of Swiss Unions (USS).

The unions are demanding a monthly minimum wage of 4,000 Swiss Francs (3,300 Euro) for a 42 hour week or 3,800 Swiss Francs...