by Summary:
The economic forecast has been looking gloomy for some time, but last week the IMF warned that “an economic downturn lurks somewhere over the horizon”. Unfortunately, while workers have endured a lost decade since the 2008 financial crisis, the economy has not been repaired in that time. So without decisive action – and soon – there are five reasons why we should fear another global recession. 5. Lessons from 2008 still haven’t been learned Workers are all too familiar with the disastrous impact that years of austerity have had on growth and wages. But this has not stopped footloose investors from ploughing capital into emerging economies and trendy global tech and property ventures. Now, as capital retreats and asset values fall, firms are facing a new round of severe
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The economic forecast has been looking gloomy for some time, but last week the IMF warned that “an economic downturn lurks somewhere over the horizon”. Unfortunately, while workers have endured a lost decade since the 2008 financial crisis, the economy has not been repaired in that time. So without decisive action – and soon – there are five reasons why we should fear another global recession. 5. Lessons from 2008 still haven’t been learned Workers are all too familiar with the disastrous impact that years of austerity have had on growth and wages. But this has not stopped footloose investors from ploughing capital into emerging economies and trendy global tech and property ventures. Now, as capital retreats and asset values fall, firms are facing a new round of severe
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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The economic forecast has been looking gloomy for some time, but last week the IMF warned that “an economic downturn lurks somewhere over the horizon”.
Unfortunately, while workers have endured a lost decade since the 2008 financial crisis, the economy has not been repaired in that time.
So without decisive action – and soon – there are five reasons why we should fear another global recession.
5. Lessons from 2008 still haven’t been learned
Workers are all too familiar with the disastrous impact that years of austerity have had on growth and wages.
But this has not stopped footloose investors from ploughing capital into emerging economies and trendy global tech and property ventures.
Now, as capital retreats and asset values fall, firms are facing a new round of severe financial pressures that will bear down on costs and ultimately on workers’ pay, conditions and jobs. There are also concerns that pensions are in the firing line, as funds have become seriously exposed to risk.
It all amounts to very little change ten years on from the financial crisis.
The TUC.