After years of crisis, the European economy has picked up momentum. EU-wide unemployment, at 7.1%, is below its pre-crisis level and we project economic growth to remain above 2% this year and next. The ongoing recovery is one reason why support for the Union has rebounded. Two thirds of Europeans polled by Eurobarometer in April believed that their country had benefitted from EU membership, the highest percentage in 35 years.
I am delighted to take part in the closing of this session of the Ibero-American Council for Competitiveness and Productivity. I am sure that it was a very useful and productive meeting, given the content of the discussions but also given the presence of so many dear friends and in particular the two "Enriques from America": Iglesias and García.
I am grateful for the invitation to attend this meeting on one of the most important issues facing our societies: innovation in our education systems.
"Toute crise prépare la suivante." These words by Michel Camdessus are a warning, but should also be a stimulus for policy, an invitation to be alert, to be in constant reflection, in constant attention, to understand what happened, what is happening and what can happen.
Germany’s track record is remarkable. Growth has been solid for years, and is set to remain so – we project 2.1 % growth this year and next. As a strong exporter of capital goods, Germany is benefitting from the global recovery of trade and investment. At 3.4% unemployment is at a record low – allowing real wages to grow and sustaining consumption.
The preservation of our oceans is indispensable for addressing many of the challenges facing the planet: from food security and climate change to energy provision, and even improved medical care through advanced marine biotechnology.
It is a pleasure to be back at the Press Club to present the OECD’s 2018 Economic Survey of the United States.
“En los últimos años la OCDE ha alertado repetidamente a Costa Rica acerca del débil estado de sus finanzas públicas. Ello quedó reflejado en los Estudios Económicos de la OCDE de Costa Rica de 2016 y 2018. Costa Rica ha tenido déficits fiscales durante casi una década, y el déficit público del año pasado fue el más grande en los últimos 30 años.
There have been many significant developments in the area of international tax over the last months. Almost 50 countries have started automatic exchange of financial account information in September 2017, which is a key milestone.
Rapid innovation, including digitalisation, offer enormous potential to boost productivity, incomes and well-being. But it is also a source of new challenges.