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Well targeted macroeconomic and structural policies would ensure long-term growth for the Italian economy while contributing to healthier public finances, according to the OECD Secretary-General presenting the Economic Survey of Italy in Milan.
Italy has been recovering only slowly from its worst post-war recession. Despite recent reform efforts, many structural problems that have in the past been a serious drag on labour productivity persist. The government has contained the budget deficit to some extent but needs to continue.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
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."
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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.