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Nations Must Preserve Growth Amid Fiscal Adjustments: IMF's Shinohara |
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Friday, 03 February 2012 07:54 |
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International Monetary Fund Deputy Managing Director Naoyuki Shinohara on Friday said that countries across the globe should be careful that policies to address fiscal imbalances do not restrain economic growth.
"One of the most immediate global policy challenges is to address medium-term fiscal imbalances while being careful not to kill growth," he said citing a statement in IMF's latest edition of World Economic Outlook and Fiscal Monitor.
The immediate need for fiscal adjustments in many advanced economies must be complemented by credible medium-term deficit-reduction plans and by reforms that can stimulate growth, he said during a speech in Tokyo.
Shinohara added that a tax policy is an important instrument in this case. (Provided by RTTNews) |
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U.S. Online Recruitment Activity Weakens Further In January: Monster |
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Friday, 03 February 2012 07:53 |
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Online recruitment activity in the U.S. decreased for the third consecutive month in January, data released by Monster Worldwide showed Friday.
The Monster Employment Index fell sharply to 133 in January from 140 in December. However, the indicator climbed 9 percent from the prior year. In November and October, the readings were 147 and 151 respectively.
Transportation and warehousing continued to extend its robust annual growth trend, but eased month-on-month in line with the usual seasonal patterns recorded after the holiday season. Retail trade drove growth momentum within the trade sectors with continued hiring for computer specialists and business operations occupations. Wholesale trade continued to remain amidst the top growth sectors despite a slightly eased pace from December, while manufacturing eased more than seasonally expected, recording single-digit growth for the first time in 11 months.
The Monster Employment Index U.S. is a monthly gauge of U.S. online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of career web sites and online job listings. (Provided by RTTNews) |
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