OECD Insights
From Crisis to Recovery The Causes, Course and Consequences of the Great recession
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How did the sharpest global slowdown in more than six decades happen, and how can recovery be made sustainable? OECD Insights: From Crisis to Recovery traces the causes, course and consequences of the “Great Recession”. It explains how a global build up of liquidity, coupled with poor regulation, created a fi nancial crisis that quickly began to make itself felt in the real economy, destroying businesses and raising unemployment to its highest level in decades. Is the worst of the crisis over? A swift return to strong growth appears unlikely and employment will take several years to get back to pre-crisis levels. High levels of public and private debt mean cutbacks in savings are likely to become the main priority, meaning the impact of the recession will continue to be felt for years to come.
OECD INSIGHTS
October 2010, 146 pages ISBN 978-92-64-06911-4 www.oecd.org/bookshop?9789264069114 http://dx.doi.org/10.1787/9789264077072-en
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