In October 2008, looming clouds burst into a fully fledged world financial, economic and social crisis. By the time the Eighth European Regional Meeting convenes in Lisbon, Portugal, in February 2009, the depth and breadth of the crisis will have been better assessed. Based on preliminary forecasts, most recent developments and lessons learned from previous crises, we can already surmise that the employment and social consequences will be severe. All regions will be affected.
Volume I of the Report provides an in-depth review of recent trends in the world of work. It is divided into two parts. Part 1 offers an integrated overview of economic, labour and social policies and trends in the region. Part 2 contains seven background thematic chapters on economic, labour market and social challenges facing the region. These documents were being finalized as the full effects of the financial and economic crisis came to light. They therefore do not reflect recent developments.
The Eighth European Regional Meeting can be instrumental in elaborating a strong message charting a balanced approach to sustainable growth and development based on decent work for all.
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