Thursday, June 18, 2009

Forecast: 9.5% Unemployment

The Central Planning Bureau (CPB) has published even more negative forecasts than earlier. Unemployment may increase to 730,000 people in 2010, or 9.5% of the work force. The budget deficit is expected to reach 6.7% of the GDP. The CPB expects the GDP to decrease by 4.75% this year. In March it had forecast a decline of 3.5%.

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