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IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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European Foundation for the Improvement of Living and Working Conditions (Dublin Foundation)

 

The social impact of the crisis - Background paper [20 October 20111]

http://www.eurofound.europa.eu/publications/htmlfiles/ef1168.htm

or

http://www.eurofound.europa.eu/pubdocs/2011/68/en/1/EF1168EN.pdf

[full-text, 13 pages]



Author: Foundation

Summary:       

While there has been some recovery since the depths of the Great Recession in 2009, both output and employment levels remain lower than they were pre-crisis in the EU-27. Indeed, the severity of the recession has been such that output has yet to return to 2007 levels in each of the largest Member States, even in those like Germany where recovery has been most stable. Moreover, growth forecasts have been revised downwards throughout 2011 signalling the weakness of the recovery and the presence of negative global economic and financial risks. Most recently, on 21 September 2011, the IMF revised growth forecasts downwards throughout the developed world.

 

CONTENTS

Impact of the crisis on labour markets

Impact of the crisis on young people

Impact of the crisis on living conditions

and quality of life

Wage developments during the crisis

Impact of the crisis on workers –

evidence from the 5th EWCS

Relevant Eurofound research

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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