Ignazio Visco, Governor of the Bank of Italy, IEA-ISI Strategic Forum 2014 Final Roundtable: Accounting for the long-term costs of the recession Rome, 23 September 2014

The legacies of the Great Recession are many and multifaceted; they not only affect current cyclical developments, but may also have permanent bearings on our economies. However, today’s difficulties and opportunities, as well as tomorrow’s prospects, are the result of deep underlying forces that were already reshaping the functioning of the world economy well before the Great Recession began.

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