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OECD annual inflation accelerates to 2.7% in March 2011
Angel Gurría declared that "building on the trust we have established over the years, Russia is advancing on the accession track to become a member of the OECD. The accession process can be seen as a joint initiative to support Russia’s objective of modernising its economy."
The 11 March earthquake is the country's worst disaster of the post-war period and addressing reconstruction needs must be a priority. Policy must then be directed to sustaining growth through; correcting the fiscal situation, addressing labour market dualism and reforming education.
"The OECD has absolute confidence in Japan’s capacity to overcome the Great East Japan Earthquake, building on its unique stock of human capital, financial wealth, technology and discipline.", said Angel Gurría for the launch of the OECD’s Economic Survey of Japan in Tokyo.
Cutting the public deficit through a stricter budgeting framework and improving the housing market with taxation and funding reforms are among the recommendations in the OECD’s latest Economic Survey of France.
Composite leading indicators (CLIs) for February 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.
Real GDP in the OECD area grew by 0.5% in the fourth quarter of 2010. Net exports and private consumption were the main contributors partly offset by an unwinding of inventories.
The capacity of fiscal and monetary policies to further support the recovery is pretty much exhausted, so a new emphasis on implementing structural reforms is the only way to boost growth and job creation, said OECD Secretary-General during the presentation of Going for Growth 2011 in Budapest.
To inform the current policy debate in Chile and present an economic assessment with concrete recommendations and policy options, this report provides a detailed analysis of the overall Chilean economic situation.
Consumer prices in the OECD area rose by 2.4% in the year to February 2011, compared with 2.2% in January - the highest rate since October 2008.