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Poland’s economic performance has been impressive over the past 15 years, but further reforms are now needed to put the economy firmly back on track for stronger and sustainable growth, according to the OECD’s latest Economic Survey of Poland.
A broad agenda of reforms in four areas – labour markets, education, product markets and innovation – should strengthen Poland’s economy and allow it to continue its path of convergence towards the income levels of the more affluent OECD economies, said Angel Gurría during a seminar in Warsaw.
Economic policy can achieve results only if policy makers – and the voters to whom they are accountable – know what is happening to the economy. Understanding the economy as a whole depends on the available statistics. So economic statistics shape policy and events, and the most closely watched measure is the growth of gross domestic product (GDP).
The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.
Norway’s economy has continued to prosper, but the financial system needs to be resilient against possible systemic risk, and a vibrant entrepreneurial culture will be important to maintain sustainable growth in the future.
OECD annual inflation increases slightly to 1.7% in January 2014
The adjustment following the crisis has been particularly painful in Southern European countries, including Spain.
India has rebounded swiftly after the global economic crisis, but is experiencing a slowdown in economic growth since 2012.
South Africa has experienced a relatively weak recovery from the great economic crisis compared to other BRIICS countries.
The adjustment following the crisis has been particularly painful in Southern European countries, including Italy.