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OECD attaches great importance to co-operation with a broad range of stakeholders, who make an important contribution to its work. OECD public affairs activities engage the full range of stakeholders business, labour, parliamentarians, civil society and the general public. This co-operation builds trust in public institutions and promotes understanding of economic and social change. Find out more.
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08-Jul-2009
After four years of strong growth, the Belgian economy entered a deep recession during the second half of 2008 under the impact of the international crisis. The government swiftly intervened to support the financial system and implemented a moderately sized fiscal stimulus package that is broadly appropriate for a small open economy with substantial fiscal sustainability problems. The main challenge ahead is to support the economy by allowing the automatic stabilisers to work while restoring the path towards fiscal sustainability and implementing structural reforms to enhance long‑term growth.
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02-Jul-2009
So far, Austria has weathered the global financial crisis better than other OECD countries. Even so, it is entering its worst recession in half a century. Moreover, its strong economic links with Central and Eastern Europe involve risks to GDP growth and financial stability. In the face of the crisis, the stance of monetary policy has been loosened in the euro area and measures have been taken in Austria to strengthen the liquidity and capital basis of the financial system, whilst automatic stabilisers coupled with discretionary fiscal measures also serve as a cushion.
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01-Jul-2009
Slovenia has achieved a significant economic catch-up toward the OECD average GDP per capita without creating any major imbalances. This catch-up has been set back by the financial turmoil, which poses immediate challenges to economic policy to support the financial sector and economic activity in general. Beyond the crisis, the main goal for policymakers must be to restore sustainable growth within the euro area.
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30-Jun-2009
The economic downturn affecting the global economy since mid-2008 has turned into a jobs crisis. As a result, following many years of continuous increase, labour migration to the OECD has started to decline. The unfolding economic crisis is also threatening recent improvements, observed in many countries, in the labour market outcomes of immigrants.
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29-Jun-2009
The world economy is being buffeted by several shocks. The United Kingdom, like most OECD economies, is in a deep recession. House prices have fallen after an extended period of large increases which left many households over-extended. Financial conditions are tight, and the financial market crisis has threatened the stability of the financial system. External conditions are also highly unfavourable. Both monetary and fiscal policies have eased to cushion the severe downturn with the policy rate now at historically low levels and quantitative easing measures under way.
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24-Jun-2009
Innovation is an important component of economic development and productivity growth. Indeed, governments are aware that one of the ways they can begin to pull themselves out of the current financial and economic crisis is to invest in innovation. Several OECD countries have followed such a strategy in the past and come out ahead. Such investments in regional innovation systems and technology-transfer mechanisms can facilitate the transition to a knowledge economy and create jobs.
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17-Jun-2009
Italy is facing a difficult period. The economy is in a sharp recession, mainly because of external developments linked to the global financial crisis, and there is great uncertainty about the strength and timing of the recovery.
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06-Jun-2009
In recent decades, expanding economic activity has been accompanied by growing concerns about climate change, energy security and scarcity of natural resources. While industries are showing greater interest in sustainable production and are undertaking a number of corporate social responsibility (CSR) initiatives, progress falls far short of meeting these pressing challenges. Without new policy action, recent OECD analysis suggests that global greenhouse gas emissions are likely to increase by 70% by 2050.
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An easy-to-read series to help understand the economic and social issues high on everyone's agenda, from economic growth to health, pensions, trade and development.
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