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EMEA’s latest economic figures indicate slow, yet steady recovery

It seems that virtually every newspaper and television network across the United States has reported on the greater EMEA region’s economic instability throughout the first half of 2012. From Spain’s record-breaking unemployment rate to Greece’s bailout, most newspaper headlines have been focused solely on the region’s current double-dip recession.

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Regional employment and consumer sentiment rose in May

Prior to the release of Asia Pacific’s latest economic figures, many global economists projected slow economic growth for the region last month, citing April’s 8.6-magnitude Indonesian earthquake, Europe’s monetary woes, and the United States’ slow economic recovery as primary causes.

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Sector changes in May

Private sector hiring was a bit disappointing last month, as only half of the nation’s 10 major industry groups reported employment increases. In all, the construction, government, information, leisure and hospitality, and professional and business services industries recorded job losses in May.

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Economic recovery remains sluggish

Ever since the worldwide economic recession drew to a close in 2008, a series of untimely events have repeatedly shaken Asia Pacific’s financial infrastructure.