Year-to-date monthly average job growth has amounted to 215,000 jobs this year, compared with a monthly average of 194,000 jobs added last year. Despite the slowdown in August, job creation has improved markedly this year.
Bringing sovereign debt ratios onto a sustainable, downward path represents a key priority for fiscal policy-makers. In this respect, the Stability and Growth Pact provides a sound and flexible framework to steer the timing and speed of fiscal consolidation. Conclusion Let me conclude. In response to the crisis, governments and central banks across the globe have taken immediate and unprecedented measures.