4  BIS central bankers’ speeches  shows, 8 million people, or 5.6 percent of the workforce, say they are working part time even though they would prefer a full-time job. A broader measure of underemployment that includes these and other potential workers stands at 14.4 percent.
Emerging economies, too, which had for some time seemingly decoupled from the advanced ones, are now also showing signs of slowdown. What is more, inflation rates around the world continue to run at high levels due to the knockon effects of the sharp rises in prices of international commodities including oil and grains.