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In an increasingly interconnected and globalised world, the need for global standards has never been stronger or more urgent. Their implementation can ensure the right environment to level the playing field, to avoid a race to the bottom, to bolster healthy and fair competition and ultimately, to build strong, resilient, and inclusive economies.
We are here today to provide you with a brief snapshot of our forthcoming Economic Outlook. The complete Outlook will be finalised for a release on the 25th of November, but we would like to share with you our main views ahead of the G20 Summit next week in Brisbane.
In the past year, Slovakia has made considerable progress in recovering its economic dynamism. GDP is set to grow by 2.6% in 2014 and 2.8% in 2015, double the rate of 2013. We estimate that the rate of economic expansion will increase further in 2016 to reach 3.4%. Slovakia’s real GDP per capita is now further ahead of pre-crisis levels – than in any other Eurozone country.
Slovakia’s growth performance has improved, but there is still a lot to get growth back to pre-crisis rates, and to ensure all regions and segments of society can benefit. The country is still facing worryingly high levels of unemployment, which peaked at 14% in 2013. Two-thirds of those without jobs were affected by long-term unemployment.
More than 90 jurisdictions have committed to implementing the Standard and 50 countries have signed an agreement to start exchanging information under the Standard as early as 2017. Early results are promising.
"We have to transition to more transparent, multilateral mechanisms. Thanks to your hard work, taxation is finally catching up with globalisation, making it more redistributive, harnessing its potential for social progress and justice, making people’s lives better. People sometimes forget that this is what taxation, indeed what economics is all about.", said the OECD Secretary-General at the Global Forum.
Por cierto, quiero felicitar a nuestro anfitrión por el más reciente éxito de la diplomacia española: su entrada en el Consejo de Seguridad de Naciones Unidas para el próximo bienio. Ello dará mayor proyección a los valores de democracia, solidaridad y cooperación que caracterizan al pueblo español y a su política exterior.
Em Junho, Portugal saiu desse programa e neste momento prevemos um crescimento positivo, de cerca de 0,8%, para o ano de 2014, com maiores taxas de crescimento nos anos subsequentes. O desemprego, embora ainda seja elevado, tem vindo a diminuir há mais de um ano. Nos 13,9%, a taxa de desemprego é menor do que o pico de 17,5% que registou no início de 2013.
Portugal is recovering, with important reforms now bearing fruit. Fiscal consolidation has made Portugal’s public finances stronger. Portugal has gained access to market funding at lower rates than most of us would have imagined two years ago. Despite many improvements, Portugal’s recovery remains a work in progress.
Transparency in tax is fundamental to healthy public finances and maintaining citizens’ trust in public and private institutions. Considerable progress at both the national and international levels has taken place.