For example, in a recent Survey of Professional Forecasters conducted by the Federal Reserve Bank of Philadelphia, the median estimate of the current level of structural unemployment – often referred to as the non-accelerating inflation rate of unemployment (NAIRU) – stood at about 5–3/4 percent, implying that the unemployment gap is nearly 4 percentage points.
In business operation, apart from servicing local demand, Macao  BIS central bankers’ speeches  3  banks make use of Macao as their business development platform. Through their global networks, they proactively develop services with other nations and regions, among which, a substantial part is cross-border financial business between the Mainland and other nations or regions.