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  • 27-November-2018

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    New report says better metrics could have prompted stronger response to the crisis

    Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report.

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  • 27-November-2018

    English

    For Good Measure - Advancing Research on Well-being Metrics Beyond GDP

    The 2009 Commission on the Measurement of Economic Performance and Social Progress ('Stiglitz-Sen-Fitoussi' Commission) concluded that we should move away from over-reliance on GDP when assessing a country’s health, towards a broader dashboard of indicators that would reflect concerns such as the distribution of well-being and sustainability in all of its dimensions. This book includes contributions from members of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, the successor of the Stiglitz-Sen-Fitoussi Commission, and their co-authors on the latest research in this field. These contributions look at key issues raised by the 2009 Commission that deserved more attention, such as how to better include the environment and sustainability in our measurement system, and how to improve the measurement of different types of inequalities, of economic insecurity, of subjective well-being and of trust.A companion volume Beyond GDP: Measuring What Counts for Economic and Social Performance presents an overview by the co-chairs of the High Level Expert Group, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand of the progress accomplished since the 2009 report, of the work conducted by the Group over the past five years, and of what still needs to be done.
  • 27-November-2018

    English

    Beyond GDP - Measuring What Counts for Economic and Social Performance

    Metrics matter for policy and policy matters for well-being. In this report, the co-chairs of the OECD-hosted High Level Expert Group on the Measurement of Economic Performance and Social Progress, Joseph E. Stiglitz, Jean-Paul Fitoussi and Martine Durand, show how over-reliance on GDP as the yardstick of economic performance misled policy makers who did not see the 2008 crisis coming. When the crisis did hit, concentrating on the wrong indicators meant that governments made inadequate policy choices, with severe and long-lasting consequences for many people. While GDP is the most well-known, and most powerful economic indicator, it can’t tell us everything we need to know about the health of countries and societies. In fact, it can’t even tell us everything we need to know about economic performance. We need to develop dashboards of indicators that reveal who is benefitting from growth, whether that growth is environmentally sustainable, how people feel about their lives, what factors contribute to an individual’s or a country’s success. This book looks at progress made over the past 10 years in collecting well-being data, and in using them to inform policies. An accompanying volume, For Good Measure: Advancing Research on Well-being Metrics Beyond GDP, presents the latest findings from leading economists and statisticians on selected issues within the broader agenda on defining and measuring well-being.
  • 23-November-2018

    English

    Foro Nueva Economía

    This is a very good time to be talking about these matters. As you know, yesterday, together with Minister Calviño, we launched our 2018 Economic Survey of Spain, which fundamentally highlights the strength of the Spanish economy and urges you to continue with your reform drive towards a model of inclusive growth that leaves no one behind.

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  • 23-November-2018

    English

    National Accounts of OECD Countries - Volume 2018 Issue 2

    The National Accounts of OECD Countries, Detailed Tables includes, in addition to main aggregates including GDP, final consumption expenditure of households by purpose, simplified accounts for three main sectors: general government, corporations and households. Data are shown for 36 OECD countries and the Euro area back to 2007. Country tables are expressed in national currency. Data are based on the System of National Accounts 2008 (2008 SNA) for all countries.
  • 22-November-2018

    English

    Continue reforms to make growth work for all in Spain

    Spain has made a successful economic recovery, underpinned by strong employment growth, gains in competitiveness and favourable external and financial conditions. The current economic expansion offers an opportunity to speed up efforts to increase the resilience of public finances, enhance job creation and ensure a more sustainable and inclusive economy that benefits all Spaniards, according to a new report from the OECD.

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  • 22-November-2018

    English

    Launch of the 2018 OECD Economic Survey of Spain

    The recovery of the Spanish economy has been more dynamic than most euro area economies, with a robust 3% GDP growth in the past three years. Although it is still extremely high, unemployment has fallen to 14.5% from its peak of 26% in 2013, and in the past year alone 478 000 jobs have been created.

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  • 22-November-2018

    English

    Economic Survey of Spain 2018

    The Spanish economy continues its strong and balanced growth. Strong employment gains have reduced unemployment and provided support to households. A wide range of structural reforms (discussed in detail in the 2017 Economic Survey of Spain) has contributed to the recovery.

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  • 21-November-2018

    English

    Global growth is slowing amid rising trade and financial risks

    Global economic growth remains strong but has passed its recent peak and faces escalating risks including rising trade tensions and tightening financial conditions, according to the OECD’s latest Economic Outlook.

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  • 21-November-2018

    English

    Launch of the Economic Outlook

    Today’s Economic Outlook points to a global economy that is losing steam, with the pace of global expansion easing from 3.7% this year to 3.5% in both 2019 and 2020. And one major reason for this is a breakdown in co-operation.

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