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This Note reports on implementation of the structural reform commitments identified by G20 countries in the Seoul Action Plan and subsequent updates, and reported in greater detail in the national policy templates. In doing so, the Note complements the preliminary Report (Pursuing Strong, Sustainable and Balanced Growth: Taking Stock of Structural Reform Commitments) submitted to the Framework Working Group and the G20 Deputies ahead
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This Report builds on the lessons learned from the OECD’s regular surveillance of structural policies in G20 countries (reported in Going for Growth), which focuses on a number of policy areas highlighted in the Seoul Action Plan (and subsequent updates) for structural reform in pursuit of strong, sustainable and balanced growth. On the basis of preliminary analysis, the Report takes stock of implementation of Going for Growth
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The dramatic increase in international capital flows, despite a temporary contraction during the global crisis, has motivated policy discussions on the associated benefits and costs of capital mobility. While international capital movements can support long-term growth, they also pose short-term policy challenges, including those associated with undesirable consequences of exchange-rate appreciation, financial and asset-price cycles
Bold decisions are needed from the G20 leaders meeting in Cannes this week to get the global economy back on track, said OECD Secretary-General Angel Gurría.
The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.
A economia brasileira tem e recuperado rapidamente da crise económica global, mas reformas mais amplas são necessárias para estimular o crescimento no longo prazo, dinamizar os investimentos e reduzir ainda mais a pobreza, segundo o mais recente estudo económico realizado pela OCDE sobre o Brasil
The Irish economy still faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard hit European countries, according to the OECD’s latest Economic Survey of Ireland.
Composite leading indicators (CLIs) for August 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies.
Economic recovery appears to have come close to a halt in the major industrialised economies, with falling household and business confidence affecting both world trade and employment, according to Angel Gurría. Growth remains strong in most emerging economies, albeit at a more moderate pace.
Composite leading indicators (CLIs) for July 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell 0.5 point in July; the fourth consecutive monthly decline.