OECD Insights From Crisis to Recovery: The Causes, Course and Consequences of the Great Recession

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 financial crisis that quickly began to make itself felt in the real economy, destroying businesses and raising unemployment to its highest levels in decades. The worst of the crisis now looks to be over, but 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 and saving are likely to become the main priority, meaning the impact of the recession will continue to be felt for years to come.Table of Content :1. Introduction2. The Roots of a Crisis3. Routes, Reach, Responses4. The Impacts on Jobs5. Pensions and the Crisis6. New World, New Rules?7. The Future - Five QuestionsReferences How did the sharpest global slowdown in more than six decades happen, and how can recovery be made sustainable? From Crisis to Recovery traces the causes, course, and consequences of the Great Recession. The book explains how a global buildup of liquidity, coupled with poor regulation, created a financial crisis that quickly began to make itself felt in the real economy, destroying businesses and raising unemployment to the highest levels in decades. The worst of the crisis now looks to be over, but 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 that cutbacks and saving are likely to become the main priorities, ensuring that the impact of the recession will continue to be felt for years to come. How did the sharpest global slowdown in more than six decades happen, and how can recovery be made sustainable? This publication traces the causes, course and consequences of the "Great Recession". It explains how a global buildup of liquidity, coupled with poor regulation, created a financial crisis that quickly began to make itself felt in the real economy, destroying businesses and raising unemployment to its highest levels in decades. High levels of public and private debt mean cutbacks and saving are likely to become the main priority, meaning the impact of the recession will continue to be felt for years to come.--Publisher's description Foreword......Page 4 Contents ......Page 8 Introduction......Page 10 The Roots of a Crisis......Page 18 Routes, Reach, Responses......Page 32 The Impactson Jobs......Page 52 Pensions and the Crisis......Page 70 New World, New Rules?......Page 90 The Future: Five Questions......Page 112 References......Page 130