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The Danish economy has been hard hit during the global crisis. Substantial measures have been taken to combat its effects. Going forward, the main challenges include restoring fiscal sustainability, raising productivity growth and improving education outcomes.
Human capital has traditionally been a strong point for the Danish economy, boosting income levels and the economy’s capacity to adjust, but there is room for improvement. Key education policy issues that need attention comprise learning outcomes and completion rates.
The Danish economy is going through a deep and protracted recession but the authorities have taken substantial measures to combat it. Further policies are required to minimise adverse long-term consequences on growth.
Labour productivity decelerated due to a slowdown in capital deepening related to the trend increase in employment. Policies in the areas of research and development, innovation, entrepreneurship, product market regulation and taxation could raise productivity growth.
Following the severe contraction of the economy, the main economic challenges in rebalancing the economy include raising competitiveness, restoring the financial system to health, fiscal consolidation and avoiding high long-term unemployment.
Ireland is in severe recession, following several years of high but ultimately unsustainable growth and rising imbalances.
Following the severe contraction of the Irish economy, Gurría indicated that stabilising the financial system, tackling unemployment, and raising competitiveness will be the main economic challenges for Ireland.
While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets.
Despite progress over the past two decades Mexico’s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers.
This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate.