Tackling the financial and economic crisis

Last updated: 25 June 2009

The global economic crisis is affecting families and communities across the planet. Restoring stability, confidence and growth is the priority: the OECD is working with the world’s governments and other organisations to get economies moving again. 

>> Our strategic response to the crisis

>> To help governments and other stakeholders respond to the global economic crisis, the OECD has launched an online collaborative platform to pool knowledge and facilitate exchange on education issues:  educationtoday

 State of the economy

>> Our latest economic projections
The slowdown in OECD economies is reaching the bottom following the deepest decline for more than 60 years, says the OECD’s latest Economic Outlook. But recovery is likely to be weak and fragile, and the economic and social damage caused by the crisis will be long-lasting.

 Tax evasion

>> OECD’s Gurría welcomes recent progress in moves to combat tax evasion
Addressing a conference organised by the French and German governments in Berlin on the fight against tax fraud and evasion, OECD Secretary-General welcomed progress in implementing international standards of transparency and exchange of information for tax purposes.

>> Read about OECD work on tax evasion

 Pensions

>> Crisis highlights the need for sweeping pension reforms
Governments must continue reforms to ensure that public and private retirement income provision is socially as well as financially sustainable, according to the 2009 edition of the OECD’s biennial Pensions at a Glance.

>> Frequently asked questions about the impact of crisis on pensions

 Employment

>> Unemployment in OECD countries to approach 10% in 2010
Governments should make efforts to help the most vulnerable by ensuring that financial safety nets are adequate for job losers and low-income families and making it a priority to tackle rising youth unemployment.

>> Frequently asked questions about the impact of crisis on employment

 Finance, business and the crisis

>> Global downturn causes slump in cross-border investment
Governments must resist adopting discriminatory policies that will undermine business confidence and delay economic revival.

>> OECD work to improve the policies that affect business and markets

>> Finance, competition and governance: Priorities for reform and strategies to phase-out emergency measures

 Trade and agriculture

 

>> The global downturn and trade
With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to benefit from the recovery when it comes.

>> Agriculture more resilient to global crisis than other sectors
Because food is a basic necessity, the agriculture sector is showing more resilience than other industries.

 Useful statistics

GDP growth rate for the years 2009 to 2010 in each OECD member country and in 10 non-member countries
The latest edition of the Economic Outlook is the first in two years to see previous projections for economic growth revised upwards – most clearly for the large emerging economies and the United States – rather than downwards.

(note: if the map does not display, please download the latest version of java)

 

Monthly updates:

>> Composite leading indicators
>> GDP
>> Unemployment

>> Inflation
>> Trade

Forecasts and historical data:
>> GDP and spending
>> Wages and unemployment
>> Inflation
>> Government deficits
>> Savings
>> Government spending and debt
>> Household wealth and debt

... More statistics

 Key publications

  Articles

Special edition on the financial crisis

Special edition on the financial crisis

 Statements and speeches

 What the papers say

 Further reading:

 

 

Permanent URL: www.oecd.org/crisisresponse

 

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OECD Week 2009 June 23 - 25

Where next for the world economy?

Global downturn

Tackling the crisis

Tax and the crisis

Tackling tax evasion