BIS central bankers’ speeches  5  harder: there has been a substantial increase in the proportion of poor households suffering deprivation in the years since the crisis broke. A return to higher levels of employment will be a macroeconomic key to reversing this situation. The crisis will have a lasting unfavourable legacy.
The accumulation of debt, public and private, will continue to weigh on growth prospects in a variety of ways. And many households are being affected by long term unemployment. But the damage can be ameliorated by a variety of means, including work on labour market activation and continued improvement of fiscal policy and measures.