Source: SourceOECD Social Issues/Migration/Health, Volume 2012, Number 6, June 2012 , pp. 15-46(32)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

Following the strong decline in 2009, macroeconomic conditions improved in most OECD countries in 2010/11. However, the recovery generally remained fragile, in particular in Southern Europe, where the debt crisis dampened economic prospects. With the earthquake and tsunami in 2011, Japan also re-entered into recession. Unemployment hit a high of 8.3% in 2010 and declined only marginally in 2011, to 8.1%. It thus remained well above the pre-crisis level of 5.7% in 2007.

Document Type: Review article

Publication date: 2012-06-01

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