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From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).
The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.
Belgium weathered the crisis well. Nevertheless, with public debt at 97% of GDP, a sustained effort to restore fiscal sustainability is needed. To boost subdued potential growth, reforms to increase employment are required while more reliance on environmental taxation should secure greener growt
The road ahead will not be easy, though: financial market concerns about sovereign debt are extending to a growing number of countries and now they threaten to include Belgium. Thus fiscal sustainability and higher growth are the backbone of our main recommendations in this Survey. With a public debt at 97% of GDP, a renewed and sustained effort to prefund ageing costs is needed, including revisiting intergovernmental prefunding
Austria is recovering from the crisis which has increased fiscal vulnerabilities. The authorities should strengthen reforms so the economy is more resilient to fiscal pressures, and reinforce drivers of growth. The Survey discusses areas to improve fiscal performance, including health care r
Austria should seize the opportunity provided by its robust, export-led recovery to strengthen spending reforms and reinforce domestic drivers of economic growth, said Angel Gurría.
Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business.
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.