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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.
The single most important challenge China is facing is that of the shift from export-led growth to an economic and growth model driven by domestic consumption and a better quality of life for its citizens, according to OECD Secretary-General Angel Gurría.
Economic growth will be subdued this year and next in the United Kingdom, but the government must continue its difficult fiscal consolidation and structural reform programmes to return the economy to a sustainable path, according to the OECD Secretary-General presenting this report in London.
Updated continuously. GDP in billions of US$, in volume and at current prices and purchasing power parities. Source: OECD Annual National Accounts Database .
The growing burden of healthcare expenditure on public budgets is hardly a recent phenomenon. For 15 years before the onset of the financial crisis, health spending per capita had been going up by over 4% per year in real terms across the OECD area-much faster than growth in real incomes. Nearly all OECD countries will soon have nearuniversal healthcare coverage-an historic achievement. But health now accounts for over 9% of GDP on
Slovenia has been hit hard by the global crisis, but started to recover gradually. This Survey discusses policies to rapidly rebalance the Slovenian economy, restore competitiveness, improve the performance of the education system, and create a friendlier environment for foreign direct investmen
The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.
The crisis has left a legacy of nearly bankrupt governments. There is little doubt that all countries among the advanced economies are now in urgent need of implementing a credible medium-term fiscal consolidation strategy, argues Jean-Claude Trichet, president of the European Central Bank.