OECD Home › Economics Department › Economic surveys and country surveillance › Latest Documents
Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An important question is to what extent Turkey’s current account deficit is excessive.
The strength of the German labour market response to the financial crisis of 2008-09 demonstrated the benefits of past labour market reforms, which raised work incentives, improved job matching and increased working hour flexibility.
Germany reduced greenhouse gas emissions substantially but remains an important emitter. Ambitious targets for climate change mitigation have been fixed and a broad range of environmental measures are being implemented.
Impressive productivity performance during the last decades has weakened since 2007, reflecting the 2008-09 recession but also a poor performance in important sectors, like the information and communication technology sector.
Portugal has started on a long road of economic adjustment to boost growth and reduce debt. A range of structural reforms are needed to restore fiscal sustainability, improve labour market performance and rebalance the economy towards tradables.
More balanced and higher long-term growth calls for strengthened external competitiveness and greater private saving through adjustments in macroeconomic policy and ambitious labour market and educational reforms.
Strengthening education outcomes and innovation and putting public finances on a sustainable path would increase potential economic growth in the United States and, insofar as reforms increase equity in education opportunity and consolidation measures are progressive, reduce economic inequality.
An ageing population and continued globalisation requires measures to secure fiscal sustainability (including health care reform) as well as adaptation of policies for the business sector and labour market reform to improve resource allocation to boost long-term growth.
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.