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The structure of a country’s external liabilities, as well as the extent and nature of its international financial integration, are key determinants of vulnerability to financial crises, according to the latest Economics Policy Paper from the OECD.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend continue to point to divergence between economies.
Economic downturns which have their roots in preceding credit excesses and debt overhang have tended historically to be long lasting, whether the financial sector remained healthy or not.
Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009.
This project explores how the structure of international capital flows drives financial fragility, and examines how policies can help increase financial stability.
What: The OECD Economic Survey of Canada provides an in-depth analysis of the Canadian economy and gives recommendations for economic policy. The report covers macroeconomic developments, monetary policy, financial market regulation as well as fiscal policy.
Meeting of National Economic Research Organisations, OECD Headquarters, 18 June 2012
Annual inflation in the OECD area slowed to 2.5% in the year to April 2012, compared with 2.7% in the year to March 2012.
“Having left the most difficult years of the global crisis behind, […] Turkey is one of the countries which has managed to put its economy back on the path to strong growth in a short period of time.” Ali Babacan, Deputy Prime Minister for Economic and Financial Affairs of Turkey, and Chairman of the OECD Ministerial Council Meeting 2012 explains.
Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area grew by 0.4% in the first quarter of 2012, up from 0.2% in the previous quarter.