Significant economic slack emerged in major developed markets (DM) since the global financial crisis and in emerging markets (EM) following the macroeconomic adjustment in 2014 - 16.
In 2012 - 15, there was
significant economic slack in DMs, reflected in still meaningful unemployment gaps.
Not exact matches
There have been ongoing gains in employment, but a
significant amount of
economic slack remains in Canada, in contrast to the United States.