ERM Quarterly - Issue 3, October 2013

Prospects for growth in the EU are improving thanks to the combination of a smaller fiscal drag, stronger external demand and a gradual improvement in private sector lending conditions. The International Monetary Fund (IMF) forecasts that output will increase in the euro zone by 1.1% in 2014 after a 0.3% decline in 2013. This third issue for 2013 includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/7/13 - 30/9/13); Sectoral distribution of job losses/job gains, and top five cases; Support instruments for restructuring in Lithuania; Cases in focus: Airline restructuring - Air France and Lufthansa; Sector in focus – The postal services sector.