Bleak outlook for industry workers

The current global economic downturn is taking its toll on Monaco's industrial sector.

Economic growth in 2008

Monaco's Minister of State last week revealed that the Principality's economy for 2008 increased by 10% to 16 billion euros. Growth in individual sectors varied between 5% and 15%, with the strongest development seen in banking and finance, although some press reports are quoting this as a decrease.

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