Employment declined by 0,7 per cent,  2  BIS Review 66/2009  with the private sector shedding over 45,000 jobs. Most of the forward-looking confidence indices indicate that a turnaround cannot be expected until at least later in this year. 3.3 These developments are also reflected in the financial markets.
In particular, house prices have been stagnant or falling, and the stock exchange has lost about a third of its value since September last year.