The Great Recession – 10 Years On: KOF Forecast Conference 2018

Ten years have passed since the world went through the most serious financial and economic crisis in the post-war era. The impact of the global economic crisis was severe, involving pronounced turbulence on the stock markets, the cave-in of global trade and numerous countries sliding into recession. Switzerland got through the crisis with a relatively strong but temporary ‘dip’. Having declined for a period of four quarters, the country’s GDP recovered quickly, following a virtual V curve.

Numerous European countries, where the financial crisis also turned into the harbinger of the Euro crisis, went through a rather different experience. Following the collapse of their real estate markets, countries such as Spain or Ireland were confronted with lengthy recessions. With many banks faltering, especially at the beginning of the crisis, the debate about the stability of our financial system is still ongoing.

On 3 October 2018, Aymo Brunetti, Oswald Grübel and KOF Director Jan-Egbert Sturm will discuss the structural and cyclical consequences of the Great Recession as well as the potential future challenges facing the Swiss and the global economy. During the Apéro, which will follow the presentations and the panel discussion, there will be an opportunity to talk to the speakers and further KOF experts.