Hiring in any company or economic sector is essentially a function of current and perceived future demand of products or services of that company or sector. In turn, the demand hinges on where that particular sector — or even the economy as a whole — is going.
So, when the government forecast of a 7.5 per cent GDP growth in the current year is widely believed to be at best misplaced optimism and at worst a statistical farce, it actually means the economy will do worse than projected. Read more
Source : www.mydigitalfc.com