
ERM Quarterly - Quarter 4, January 2016
In the last quarter of 2015, better economic data in the EU was overshadowed by increasing anxiety about the potential impact of declining growth and rising instability in developing economies. Aggregate unemployment rates in the Union are in their first sustained downward path since the global financial crisis began: in the EU28, unemployment stands at 9.2%; in the euro zone, at 10.5%.
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