fbpx Debt, Deficits and Distributional conflicts Recovery, Fiscal Adjustment and Socio-economic Renewal | Harvard Kennedy School

Additional Authors:

  • Jeffery Friedman

Excerpt

Debt, Deficits and Distributional conflicts Recovery, Fiscal Adjustment and Socio-economic Renewal. Jeffry Frieden, May 2013, Book Chapter. "The world is in the midst of the worst economic crisis since the 1930s. The downturn has been longer and deeper than any recession in 75 years, and it has affected nearly every developed, emerging and developing economy. Even more troubling is the fact that recovery from this Great Recession has been limited and halting. Europe is now in its second recession in five years, with skyrocketing unemployment in some countries and generalised stagnation in the region..." Link verified August 21, 2014