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Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.
Statement made by the Secretary-General during session 2 of the Leader's Summit in Brisbane.
Statement made by the Secretary-General during the G20 Working Dinner on Trade at the Leader's Summit in Brisbane.
Statement made by the Secretary-General during session 1 of the Leader's Summit in Brisbane.
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.
Because the OECD is not only a “Global Standard Setter and a house for best practices”. It is also a pathfinder for effective implementation and we will be very proud to share our experience and expertise with APEC member economies and their business circles to develop innovative ideas and practical tools for competitive economies and inclusive societies!
"Since first taking office in 2010, President Santos has drawn on his considerable experience, both as an economist and as a former Finance and Foreign Trade Minister, to lead his country through a series of ambitious reforms and in advancing Colombia on the path to peace, prosperity and membership of the OECD. The Colombian people saw fit to reward his efforts in 2014 with a well-deserved re-election."
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.