ERM Quarterly - Issue 2, July 2013

As in the first quarter of the year, the European economic outlook remains uncertain, the current recession being forecast to give way to modest growth in 2014. In June, the ECB revised its forecasts for growth in 2013 down to -0.6%, raising those for 2014 to +1.1%. This second issue for 2013 includes: Macroeconomic trends and prospects; Job creation and job losses at a glance (1/4/13 - 30/6/13); Sectoral distribution of job losses/job gains, and top five cases; Support instruments for restructuring in Croatia; Cases in focus: ERT, Greece and Alpine Bau, Austria; Sector in focus – The construction sector.