Growth in the United Kingdom has picked up, supported by a wide range of domestic policies. A balanced recovery requires higher productivity growth and would benefit from raising infrastructure investment and ensuring sustainable bank lending.
Tackling inequalities and informality is a priority. The tax-benefit system should be made more redistributive and employment friendly. Addressing barriers to competition and skill mismatch is crucial to support productivity growth.
Changes to Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to a new OECD report.
The Belgian economy has returned to growth and continues scoring well on broader measures of well-being, but further reforms will be needed to secure fiscal sustainability while promoting employment and competitiveness, according to the latest OECD Economic Survey of Belgium 2015.
The income gap with respect to top performing countries is diminishing slowly. Declining labour supply and skills shortages pose risks for competitiveness. Reforms are needed to raise productivity and make more of Estonia’s human capital base.
The underlying strengths of the Estonian economy have helped it bounce back from the crisis, but some challenges remain to finding a steeper, more inclusive and more sustainable growth path, according to the latest OECD Economic Survey of Estonia.
Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.
벤처 기업과 중소기업이 보다 큰 역할을 하는 창조적인 경제를 육성하기 위한 새로운 성장전략이 필요하다. 또한, 소득불평등과 상대적 빈곤, 특히 49%에 달하는 노인 빈곤율을 감소시킬 수 있는 정책들이 필요하다.
Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.
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Steadfast action is needed to implement the reforms that will bolster the economy’s growth potential and make it more inclusive and greener.