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The global economy is expected to make a hesitant and uneven recovery over the coming two years. Decisive policy action is needed to ensure that stalemate over fiscal policy in the United States and continuing euro area instability do not plunge the world back into recession, according to the OECD’s latest Economic Outlook.
This workshop will convene leading experts from health and finance backgrounds in government, academia, and international organisations to take stock of progress in health expenditure forecasting and to discuss future directions, in light of policy needs and recent advancements in techniques, detailed data and computing power.
While the recovery has been broadly balanced, risks to Switzerland’s outlook increase. This Survey discusses policies to increase growth more durably, reduce incentives to leverage wealth, reduce financial market risks, and render environmental policy more cost-effective.
English, PDF, 1,176kb
The global economy currently faces serious challenges and policy action is needed to restore confidence and put the economic recovery onto a sustainable growth path.
The next 50 years will see major changes in country shares in world GDP.
Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An important question is to what extent Turkey’s current account deficit is excessive.
Uncertainty is inherent to forecasting and assessing the uncertainty surrounding a point forecast is as important as the forecast itself.
The forecasting uncertainty around point macroeconomic forecasts is usually measured by the historical performance of the forecasting model, using measures such as root mean squared forecasting errors (RMSE).
English, PDF, 1,442kb
This document describes in detail the OECD Economic Outlook database. It provides the codes and descriptions of all variables, the country codes used, and the definitions of and relations between the variables. It is supplementary to the Sources and Methods of the Economic Outlook.
It is high time to Go Structural, said A. Gurría at the launch of the OECD Economic Outlook. Structural reforms are not only the short-term remedy left, but they also offer multiple dividends: they can help us unleash productivity, develop new sources of growth and rebuild confidence.