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    Author(s): Delton Alderman; Robert Shelburne
    Date: 2011
    Source: In: Clark, Douglas, proj. mgr. Forest products annual market review 2010-2011. Geneva Timber and Forest Study Pap. 27. Geneva, Switzerland: United Nations Economic Commission for Europe, Food and Agriculture Organization: 11-17.
    Publication Series: Scientific Journal (JRNL)
    Station: Northern Research Station
    PDF: View PDF  (693.05 KB)

    Description

    The speed of the global recovery from the worst economic crisis since the 1930s varies significantly by region; growth is much faster in the emerging economies than in the advanced economies. Economic growth in the coming year is likely to remain weak in North America and western Europe, as austerity is implemented to address increasing sovereign debt levels. Given weak growth in the advanced economies, unemployment levels, especially long-term and youth unemployment, are likely to remain high for several more years.

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    Citation

    Alderman, Delton; Shelburne, Robert. 2011. The economic situation and construction sector developments in the UNECE region, 2010-2011. In: Clark, Douglas, proj. mgr. Forest products annual market review 2010-2011. Geneva Timber and Forest Study Pap. 27. Geneva, Switzerland: United Nations Economic Commission for Europe, Food and Agriculture Organization: 11-17.

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