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“We cannot return to business-as-usual” has been a constant refrain since the economic crisis started. How can new growth sources be tapped? What about fighting poverty, and ensuring food and energy supplies while safeguarding our planet? OECD experts discuss the issues.
The recent economic crisis inflicted substantial damage on the public finances of many countries around the world. Meanwhile, growth remains largely subdued. How can governments restore public finances while promoting economic growth?”
The financial system has still not fully recovered. Major questions remain over how banks operate and are regulated. The solutions must be found, argues William R. White, Chair of the OECD Economic and Development Review Committee.
OECD countries need growth if they are to emerge from the crisis and create jobs. But where will that growth come from? Also, with challenges such as climate change and global development, how can cleaner, smarter economic activity be unleashed?
Public debt in the OECD area is fast approaching 100% of GDP, as the financial and economic crisis badly deteriorated government budgets. A concerted move towards more balanced budgets is needed, while preparing the ground for economic growth.
“We must be able to grow our economy in ways that the earth can sustain. That means growth without carbon and using the earth’s amazing larder of natural resources in ways that keep ecosystems healthy.” says WWF chief James P. Leape
Angel Gurría recalled the role played by the OECD Bologna Process and Charter and the "need to harness the potential of SMEs and entrepreneurs in the fight against unemployment, social exclusion and poverty" in his remarks to the “Bologna+10” High-level Meeting.
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How can the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates contribute to stronger growth, sounder public finances and more sustainable global imbalances?
The OECD Secretary-General presents a report prepared for G20 Seoul Summit. The report is structured as follows. First, it elaborates on how the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates would contribute to stronger growth, sounder public finances and more sustainable global imbalances. The Report then discusses options for strengthening the OECD
The key tables include gross domestic product (GDP), government and private spending, inflation rates, interest rates, unemployment rates and leading indicators.