Resource

Starting from early 2008, the world has been witnessing one of the worst economic crises since the Great Depression of the 1930s. The slump in the construction sector, especially in many developed countries, led to a drastic reduction in demand for wood products. In response to the economic crisis, a number of governments have initiated economic stimulus packages to stimulate production and consumption. Employment generation through public works is an important thrust of many of the stimulus packages. An increase in jobs is expected to enhance income, increase consumption and thus stimulate production and further employment, helping to break the downward spiral. The strategies of a number of countries emphasize movement towards a green future, with the aim of stimulating sectors that will create real assets, improve energy efficiency, increase the use of renewable resources and combat climate change. Forestry could have a positive role in the economic stabilization efforts, particularly through job creation and the rebuilding of the natural capital base.