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Housing markets have played a prominent role in macroeconomic developments over recent years. For a great part of the 2000s, buoyant housing markets have contributed to sustained economic activity in most OECD countries. But many markets overheated and the collapse of the US subprime mortgage...
The economic recovery spreading across OECD countries is still too timid to halt the continuing rise in unemployment, according to this report.
The jobless rate is expected to peak in the first half of 2010 in the US, but it may not be until...