The CEBR points to South Korea, which has recovered rapidly from the financial crisis.
Their numbers fell by 30, 000 last year, and are set to drop by a further 18, 000 in 2009, according to CEBR, an economics consultancy.
For various reasons, the view from London can often be seen as particularly important or valid, which is why this CEBR report has made front page news.
According to the Centre for Economic and Business Research (CEBR), the worse-than-expected figures make it unlikely that the Treasury will be able to meet its own economic forecasts.
And its unemployment and employment statistics have not fared too badly by UK standards, whereas the CEBR analysis chooses to use only GDP as a proxy for living standards.
According to the Centre for Economics and Business Research (CEBR), the unemployment rate will exceed 10% in Wales as a result of predicted huge cuts to public sector jobs.
CEBR, a British economic consultancy, calculated last year that the strong pound added roughly 12% to the British steel industry's costs relative to those of its chief international competitors.
"First of all, because business is pretty slack at the moment, and there is not much point going in and bashing your head against a brick wall, " explained CEBR chief executive Douglas McWilliams.
The CEBR, a consultancy that tracks the London economy, reckons City-type jobs (including in business services linked to finance) will fall by 27, 000 this year to around 288, 000, almost a fifth below their pre-crisis peak.
"For this to now happen would require a remarkable bounce back in the second half of the year with growth of around 1.5% of the remaining two quarters, " said Richard Snook, senior economist at the CEBR.
It's slightly alarming, therefore, to find one of the Scottish government's responses to the CEBR is to cite figures that suggest Scotland's business birthrate has fallen less fast through the early part of the downturn than the UK as a whole.
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