As I already mentioned, the contraction of sectors that had grown excessively before the crisis is likely to have a structural component, lasting over the medium term. This means that not all the employment lost in these sectors during the slowdown might be reabsorbed during the recovery.
Some labour will have to be reallocated to other sectors, to avoid weighing on growth and on public finances, and on social conditions. This raises the need for accompanying short term macroeconomic policies with measures aimed at reallocating idle resources, for instance by enhancing training, human capital, market flexibility and income stabilizers.