On top of this, it took us only three quarters to return to pre-crisis GDP levels, whereas after the 2008 crisis, it took four and a half years. (slide 4) Average formal employment in the private sector is by almost 100 thousand higher than in 2019.
The largest employment gains are registered in the sectors that are key from the aspect of economic growth and development, notably manufacturing sectors. That this is an outstanding result is best evidenced by the fact that in the aftermath of the 2008 crisis, 1/6  BIS central bankers' speeches  i.e.