For example, clear guidelines are needed to define which firms could be subject to the new, alternative regime and the process for invoking that regime, analogous perhaps to the procedures for invoking the socalled systemic risk exception under the FDIA.
The moderation in output growth and, in particular, the adjustment in the labour-intensive construction sector suggest that employment growth is set to decelerate significantly this year. While employment gains in other sectors of the economy are likely to more than offset the decline in construction sector employment, the overall increase in employment is likely to be quite modest.