OECD Insights from Crisis to Recovery: 1-10 Users Version : The Causes, Course and Consequences of the Great Recession

How did the sharpest global slowdown in more than six decades happen, and how can the recovery be made sustainable? This book provides a clear analysis of the reasons for the economic crisis. Its predictions for the speed of recovery are less clear and far from rosy. Economists at the OECD believe a swift return to strong growth appears unlikely and employment will take several years to get back to pre-crisis levels. Government stimulus packages will have to be cut back, depriving the economy of what was a significant engine of activity during the downturn. High levels of public and private debt mean cutbacks and saving are likely to be the main priority over the next few years, reducing muchneeded spending and investment.