The social economy in the face of the crisis

Six years after the fall of Lehman Brothers, the world economy is still suffering the effects of the shock. The last six years have been marked by a strong downturn in growth – with a serious impact on public budgets – and a rise in unemployment and inequality. To begin with, many countries introduced fiscal stimulus policies which alleviated the economic slowdown. But then in 2010, the sovereign debt crisis (particularly in Europe) led to a radical change in policy, focusing on the reduction of public spending, and mainly social spending.