It is time that the highest political level focuses on the risk of a lost generation.
Guntram B. Wolff
Date: November 12, 2020
Topic: European Macroeconomics & Governance
A decade ago, the global financial crisis left deep scars in terms of destroyed opportunities and unemployment for young people. In Europe in particular youth unemployment persisted. Now COVID-19 threatens to do the same thing to the under-25s. Yet, neither the leaders of France, Italy or Spain, nor the president of the European Commission, have prioritised youth unemployment in recent policy speeches. It is time that the highest political level focused on the risk of a lost generation. Bold policies will be needed.
During the global financial crisis, the United States youth unemployment rate increased