Growth slows somewhat more than anticipated — employment trends nonetheless remain positive

The Labour Institute for Economic Research estimated in its most recent autumn (11 September 2018) economic forecast that economic growth would continue in the current year at a more moderate pace than last year and slow further next year. The forecast can still largely be considered justified, although the September estimates for economic growth in the current and next year should be adjusted somewhat downwards. Public finances have, however, balanced more rapidly than anticipated, and according to data recently published (16 December 2018), state debt would — partly due to one-off items, however — turn to a temporary decline still in the current year. (AI translation)

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