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OECD Economic Surveys: United States 2010

image of OECD Economic Surveys: United States 2010

OECD's 2010 review of the US economy.  This edition looks at rebalancing the economy following the crisis, restoring fiscal sustainability, and the special feature covers implementing cost-effective policies to mitigate climate change.

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Rebalancing the economy

At its most basic level the US recession was brought on by housing and real estaterelated financial problems. Steps that can be taken to strengthen the economy and reduce the likelihood and severity of similar issues in the future include: reducing overinvestment in housing and increasing the resilience of the mortgage market; revising financial supervision; repairing the household balance sheet and reducing the current account imbalance; and ensuring the preservation of labour market flexibility following the current troubles.

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