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December 10, 2008 - ,

EcoTV: the US recession, Hungary’s economy and the Eurozone labor market … all in video

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The webTV for BNP Paribas economists, is presented by the journalist Sybille Deshedin. On the agenda every month is Philippe d’Arvisenet, Director of Economic Research; as well as two interviews regarding the top headlines in the international economic world. EcoTV is the monthly economic news source in video.

This month, the three subjects are dedicated to the: the US recession, Hungary’s economy and the Eurozone labor market.

US recession: mild or deep?
Philippe d’Arvisenet, Director of Economic Research

“ […] when you have a mild recession after six – eight months, after they decide that we are in a recession, things stabilize and creep up. […] And the economy is still contracting tremendously. So we are in a deep recession. If that was not enough, […] it has dropped to levels that were registered in 1980 […] so we are in deep […]. ”

Hungary : Face the liquidity crisis
Alexandre Vincent, OCDE Economist

“ […] Hungary displayed several sources of external vulnerability […] Due to tensions on global liquidity, the Hungarian markets have been particularly affected in October […] And besides, as a very open economy, Hungary is particularly vulnerable to the economic slowdown in the rest of the European Union. ”

Deteriorating labour market conditions
Clemente de Lucia , Economist – Country Risks

“[…] economic activity has been markedly deteriorating over the latest months and confidence indicators are at their lowest level ever recorded. […] The recession is now affecting the labour market. […] Under these conditions we expect employment growth to decelerate markedly. […] ”

Discover the December episode

About …
The Economic Research department at BNP Paribas economists in the banking service and its clients from the principle financial markets worldwide. The website, regularly proposes different publications: macroeconomic analysis, the OCDE country’s monetary and finance, Country risks from emerging countries and the evolution of the financial and banking world.

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