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L’économie de l’Afrique du Sud est en phase de reprise. Des réformes structurelles en profondeur sont néanmoins nécessaires. Le cadre de politique macroéconomique déjà robuste devrait toutefois être renforcé pour résister à une appréciation excessive du taux de change réel.
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The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.
OECD Secretary-General Angel Gurría hailed the budgetary measures announced today by U.K. Chancellor of the Exchequer George Osborne as a courageous move that will underpin fiscal consolidation while supporting economic recovery.
Product market regulation on average is Slovenia does not appear particularly stringent, but heavy state involvement and high market concentration in several industries call for the gauging of competitive pressures in Slovenian industries.
The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability, as discussed in this working paper.
Chile has made impressive progress in educational attainment. Yet, despite recent improvements, outcomes, as measured by PISA results, still need to catch up with OECD standards and equity problems should be addressed.
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it.
In an improving economy, the new Government is faced with the main macroeconomic challenge of moving from an expansive fiscal stance to focusing on securing sustainable public finances, while implementing measures that secure occupational pensions and enhance the job content of the recovery
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Korea’s strong recovery from the global downturn has been driven by buoyant export growth and an effective policy response, including large-scale fiscal stimulus. Maintaining growth depends on raising productivity, particularly in services, and reforming the labour market so as to reduce dualism and promote greater labour force participation. It is important to encourage corporate restructuring by scaling back support for SMEs. Rapid