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Potential growth in Germany is low and is set to fall further due to ageing. Policy should focus on raising labour input and productivity growth through structural reforms. Implementing cost-effective climate change mitigation policies and fostering eco innovation would also contribute to growth.
The OECD’s latest economic survey of Norway, to be published on Wednesday 15 February 2012, discusses how sound macroeconomic policies and well-managed petroleum wealth have helped the country successfully weather the global economic crisis.
The Finnish economy has still not recovered from the sharp 2008-09 recession and productivity performance has weakened. Structural reforms aiming at increasing productivity in the private and public sector therefore need to move up the agenda according to the latest Economic Survey of Finland.&l
Using empirical evidence from panel analysis of current account dynamics and of bilateral trade balances, the paper argues that the large German current account surplus during the 2000s can be explained by an increasing gap between productivity growth in manufacturing vis-à-vis services.
A carbon intensive energy system in the Czech Republic contributes to one of the highest ratios of greenhouse gas (GHG) emissions to GDP in the OECD.
Despite significant increases in spending on child care and education during the last decade, PISA scores suggest that educational performance remains static, uneven and strongly related to parents’ income and background.
The Danish economy displays a number of strengths but faces new risks due to the international slowdown. Enhanced financial stability, a better control of public expenditure, and more cost-effective energy and climate policies would bring about strong, sustainable and even greener growth.
Switzerland has made a broadly balanced recovery from the economic crisis, but slower activity in Europe and pressures on the Swiss franc weigh on the near-term outlook, according to the latest Economic Survey of Switzerland.
Switzerland has made a broadly balanced recovery from the economic crisis, but slower activity in Europe and pressures on the Swiss franc weigh on the near-term outlook, according to the OECD Secretary-General.
The Chilean economy has been catching up, but sustaining strong growth will require structural reforms: Better education and stronger product-market competition would boost productivity, while better designed cash transfers, labour and housing policies can lower poverty and inequality.