Commentary
Uri Dadush
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Source: Getty
In The Media
The Future of the Global Recovery
As major economies around the world return to growth, the discussion has shifted from recession to recovery. While the recovery has arrived, there are reasons to question its strength and sustainability.
By Uri Dadush
Published on Aug 28, 2009
Source: Foreign Exchange with Daljit Dhaliwal
As major economies around the world return to growth, economists and policy-makers shift their focus from recession to recovery. Uri Dadush discusses these developments, explaining that “we are at the turning point, or perhaps past the turning point...The big question...is not whether we are at the beginning of a recovery; the big question...is how strong a recovery it is going be, and whether it is going be sustained.” Threatening the global recovery is reduced demand, “because the consumer, in many countries, remains very reluctant to spend.”
The epicenter of the financial crisis, the United States, faces a more protracted recovery than many other countries. “Even though many economies were worse hit than the United States, initially, they are actually in a position to recover more rapidly whereas the United States will take more time.”
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
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Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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