This fourth issue for 2007 includes: a summary of current macroeconomic trends and prospects; an overview of the ERM statistics for the fourth quarter of 2007; details of the global restructuring plan at Unilever; restructuring at ZRE Katowice and more on restructuring in Cyprus.

Conducted by Israel's Central Bureau of Statistics, the labour force survey is the main source of information regarding the labour force in Israel.

The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment and growth is still stable in the nineties. However,...