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Could the recovery from the worst crisis in half a century finally take hold in 2014? How can we build a resilient, inclusive and greener future for all?
OECD Secretary-General Angel Gurría strongly supports President François Hollande’s recently announced measures to revitalise the French economy and set it on a path towards stronger growth.
Although recently we have observed signs of a pick-up in employment and investment in some countries, there are no clear prospects yet for a strong global recovery and a return to the pre-2007 growth path.
Despite the slowdown of the world economy, Russia has continued to grow. Most importantly, your macroeconomic house is basically in order, with inflation largely under control, public finances close to balance, and a current account surplus. But growth must become sustainable and fair through the implementation of the right policy mix, said OECD Secretary-General.
According to our recent “How’s Life” report, only 40% of citizens in the OECD trust their national governments – the lowest level since 2007. Like never before, our citizens have doubts about their government’s capacities to respond to their needs and meet their expectations. We have to rebuild that trust, said OECD Secretary-General.
With the right policies, narrower socio-economic divides and higher levels of well-being are well within Israel’s reach. Raising educational standards and encouraging employment, maintaining sound monetary policy and a responsible fiscal trajectory, pressing on with structural reforms that encourage innovation, competition and creativity – these are all central to achieving sustained, inclusive growth.
Mr Gurría said the trade facilitation agreement at the core of the new package would cut red tape and speed border crossings worldwide, offering an important boost to world trade and the global economy. "As OECD work has highlighted, the benefits of lowering costs for traders are significant, and are particularly welcome today, given the slow growth seen in so many countries," Mr Gurría said.
Advancing green growth is one of the most urgent challenges of our time. We need to use all of our knowledge to bring the private sector on board. If we fail to do this, we will fail to provide our citizens with adequate water, transport and energy infrastructure, and cause disastrous harm to our environment, said OECD Secretary-General
OECD Secretary-General, Angel Gurría, said that it was with a heavy heart and a debt of gratitude that the world was bidding farewell to Nelson Mandela.
If governments at all levels work together to unleash the potential of cities and regions as engines of economic dynamism, they will greatly benefit national recovery and will create conditions for a better life, said OECD Secretary-General.