Word: laborative
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...disappointing year. But growth in 1986 is expected to swell to 3%, largely on the basis of a doubling of private consumption, from 1.5% to 3%. Consumers will get the first of two planned tax cuts, and wages are expected to rise by around 4% this year. Giersch expects labor leaders to call for larger increases in 1986. Since an election is coming next year, he said, the government will not be in a mood to resist. Inflation, currently 1.8%, is expected...
...session, the board members argued basically about how to use the opportunity offered by the arrival of a more durable recovery to create additional jobs. No one disagreed that West European economies are at last on the move after years of little or no growth. Mast warned, though, that labor unions seemed to be becoming more aggressive and demanding higher pay increases as the outlook brightened. The best hope for reducing Europe's continuing unemployment problem is through structural reforms, such as faster progress toward a genuine European common market and greater labor mobility. That would unleash more competition...
...estimates by TIME's European Board of Economists... Growth % change in real G.N.P., 4Q over 4Q Inflation % change in C.P.I., Dec. over Dec. Unemployment % of civilian labor force, year-end W. Germany 2.3 1.8 9.2 France 1.4 4.9 10.0 Britain 3.5 5.5 13.0 Italy 2.6 8.6 10.8 Sweden 2.5 5.3 2.9 W. Europe 2.7 5.0 11.3 U.S.[*] 2.4 3.6 (Nov./Nov) 6.9 ... and their 1986 forecasts Growth % change in real G.N.P., 4Q over 4Q Inflation % change in C.P.I., Dec. over Dec. Unemployment % of civilian labor force, year-end W. Germany 3.0 2.0 8.5 France 2.1 4.0 11.0 Britain...
...forces of Deputy Prime Minister David Levy and Industry and Trade Minister Ariel Sharon. The melee raised questions not only about the future of Herut and Likud but about the ability of Shamir to take over as Prime Minister in October under the terms of his coalition agreement with Labor Prime Minister Shimon Peres...
Because Begin refused to groom a successor within Herut, a power struggle at last week's convention was probably inevitable. Shamir, bolstered by a letter of support from Begin, who remained in seclusion at his Jerusalem home, won the first round when a Shamir loyalist, Minister of Labor Moshe Katzav, was elected convention chairman. He lost the second when Sharon defeated Shamir's candidate, Begin's son Benny, 43, a political neophyte, for chairmanship of the committee that controls the selection of delegates...