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Portugal’s economy appears to be turning the corner. We expect growth of 1.1% this year and 1.4% in 2015, broadly in line with government projections. Unemployment is starting to decline, exports are booming and the public debt is being gradually brought under control. To cement this improving scenario, it is important to maintain the reform agenda, and to continue to address the high levels of corporate debt and public debt.
Based on recent trends, many middle-income countries are not growing fast enough to reach average income levels in the OECD countries by 2050. This includes several lower middle-income countries – such as India, Indonesia and Viet Nam – but also countries in the upper middle-income bracket, such as Brazil, Colombia, Mexico, and South Africa, said OECD Secretary-General.
Angus Maddison was a “chiffrephile”, whose work enabled us to understand the world we live in through economic history. He believed that numbers sharpened debate. Quantification, he wrote, “is more readily contestable and likely to be contested.”, underlined OECD Secretary-General.
We live in an interconnected world and, more often than not, the solutions to our most pressing challenges are also interconnected. This is the beauty of development: you can look at what others did and adopt or adapt the best of it. There is no copyright on good policy, said OECD Secretary-General.
Europe and Latin America have a rich and vibrant history of partnership and collaboration, and as the global economic landscape shifts, there is a great opportunity to deepen the scope of their work, said OECD Secretary-General.
La relación de la OCDE con América Latina sigue creciendo, junto con la importancia de la región en la economía internacional. La participación de los países latinoamericanos en nuestros comités, working groups e iniciativas es más fuerte que nunca.
This Global Forum plays an important role as the tool for on-going dialogue on responsible business conduct. I am pleased to announce that today, Ministers from over 20 countries are coming together to discuss how to integrate responsibility considerations throughout government policies. Their work will contribute to protect internationally recognised fundamental rights and to ensure good governance, fair regulations, and transparency.
Esta tercera reunión “itinerante” de la Red Parlamentaria es parte de un esfuerzo que hemos venido realizando por acercar a la OCDE a los legisladores, a sus preocupaciones, a sus experiencias y conocimientos. Nuestra misión es ayudar a los gobiernos a diseñar mejores políticas para una vida mejor, y la perspectiva del legislador es imprescindible para lograr ese objetivo.
The United States is doing better, but the legacies of the crisis are heavy and there is a lot of room for improvement. As we gradually exit the gravest crisis of our lifetimes, we have the unique opportunity to push forward reforms which will lead to sustainable, green growth and some inclusive societies, said OECD Secretary-General.
The enduring idea that the rising tide of economic growth lifts all boats is no longer a universal truth. In the US, even before the Great Recession, the poorest were steadily losing ground. Between 2000 and 2012 the average disposable income of the bottom 10% in the US fell by 14%, underlined the OECD Secretary-General.