From this perspective, the productivity performance over the past decade looks to be quite a lot better. The Australian economy has done well at bringing in to paid employment those who actually want to work and the unemployment rate has fallen significantly.
Dear members of the Bank of Korea, This year our economy is expected to maintain a modest trend of growth, thanks to the continuing recovery of the global economy and to improvements in our households’ real purchasing power. Looking at domestic and external conditions, however, there are various potential risk factors that could undermine the smooth recovery of our economy.