Global Economic Condition Great Recession of 2018-19 has slowed the growth of world output, especially in the developed countries like EU, USA, Japan and Canada etc. In the developed countries unempl
Global Economic Condition Great Recession of 2018-19 has slowed the growth of world output, especially in the developed countries like EU, USA, Japan and Canada etc. In the developed countries unempl
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Global Economic Condition
Great Recession of 2018-19 has slowed the growth of world output, especially in the developed countries like EU, USA, Japan and Canada etc. In the developed countries unemployment remains high at the rate of nearly average 9 per cent again income of the employed people remain stagnant1. Although the great Recession is on the way of recovering, more and more worker remain out of the job for a long time, especially young workers, medium-term growth prospects also suffer because of detrimental effect on worker’s skill and experiences.