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Description: Responsible for macroeconomic research in the Deutsche Bank Group.
Youth unemployment not only affects “youths” Following two years of recession in the eurozone Greece, Italy, Portugal and Spain can expect a return to positive GDP growth – albeit probably of less than 1% – in 2014. At the same time, at least the labour market situation no longer appears to be deteriorating further. Nevertheless, what remains alarming is high youth unemployment and – even though it attracts less public attention – the often equally precarious employment situation of 25 to 35-year-olds in the crisis-stricken countries.  
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