OECD defines the global slowdown

Find below a new note from the OECD showing the extent of the global economic slowdown over the past six months and possible solutions for Europe, which is driving it.

oecd

David Llewellyn-Smith
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  1. “…there is a risk that unemployment could rise more rapidly than recently, with adverse effects on income growth, confidence and activity…IN ALL COUNTRIES….Labour market reforms are crucial to foster near-term employment growth, facilitate WAGE ADJUSTMENT and reduce the risk that unemployment becomes entrenched…”