HomeEventsEvents What Next for the Eurozone? Macroeconomic Policy and the Recession
April 17, 2013
What Next for the Eurozone? Macroeconomic Policy and the Recession
4 p.m. The World Bank Room MC - C1 - 100 1818 H St. NW Washington, D.C. 20006
The eurozone is mired in its second recession in three years, and the most recent IMF projections show a decline in GDP for 2013. Unemployment has hit a record level of 11.9 percent for the eurozone, with Greece and Spain having jobless rates of 26 percent. The risks of a serious financial crisis in the eurozone have subsided considerably since last year, but remain significant enough to possibly affect world economic growth and employment. CEPR Co-Director Mark Weisbrot took part in a forum that looked at macroeconomic policy in the eurozone and the challenges to restoring employment and growth. Participants also included Prakash Loungani — an advisor in the IMF’s Research Department, co-chair of the IMF’s Working Group on Jobs and Growth, and a member of the World Economic Forum’s council on employment issues — and Jo Marie Griesgraber, executive director of the New Rules for Global Finance Coalition.