EMCC European Monitoring Centre on Change

ERM Quarterly - Quarter 4, January 2015

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Dramatic recent oil price declines have seen deflation take hold in the EU. General price levels in December 2014 were 0.2% lower than a year earlier. This is further evidence of a tentative European economic recovery that appears to be running out of steam. Growth forecasts for the EU have been trimmed to 1.1% in 2015 after growth failed to reach even 1% in 2014.

This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/10/14 - 31/12/14); Sectoral distribution of job losses/job gains, and top five cases; Case in focus: Lloyds Banking Group and branch banking; Situation in focus: Restructuring arising from Russian sanctions; Restructuring support measures in focus: public employment incentives.

Authors: 
Eurofound
Number of Pages: 
4
Document Type: 
ERM Quarterly
Reference No: 
EF1505
Published on: 
02 February 2015
Observatory: 
EMCC
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