The Great Recession has had significant and lasting effects on European labour markets, with a big drop in employment levels, which are yet to recover in many countries almost a decade later. It also affected the employment structure, accelerating structural change and generalising a pattern of job polarisation across Europe, in which employment in mid-paid jobs declined more than in jobs at the top and bottom of the occupational structure. (...)
US data blurs the picture for bond investors
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The combination of slower growth and nagging inflation is an unsettling mix
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