Tuesday, October 21, 2008

Unemployment

The FT has some sobering predictions for European unemployment next year:

Spain 15%
Hungary 9%
Germany 8%
France 8%
Greece 8%
Poland 8%
Ireland 7%
Italy 7%
Sweden 7%
Slovakia 7%

The UK looks relatively strong at 3.6% and the lowest is the Ukraine at 2%. This makes me worried about the Euro, the possibility of social unrest and whether the Eurozone economy will be able to have a strong recovery in 2010.

3 Comments:

Blogger kinglear said...

You are 100% correct....

12:01 pm  
Blogger Ellee Seymour said...

I think the UK figure will be much worse than that. It's certainly bad news for Spain.

8:58 pm  
Blogger Winchester whisperer said...

It could be, Ellee, and anyway it doesn't count people on sickness benefit

9:03 am  

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