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In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its long-run volatility.
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The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high.
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The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports
the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of
high trend growth and underpinning a catch-up in living standards.
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In Slovakia, educational outcomes are below the OECD average and are too dependent on the
socioeconomic background of students.
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The Colombian economy has been resilient to the crisis. To secure a higher and more balanced economic growth in the future, it needs to boost productivity and reduce income inequality. Further reforms of the labour market and tax system are key.
The Colombian economy is strong and the outlook is promising, but the country must do more to ensure that the ongoing commodities boom contributes to sustainable and inclusive growth over the long-term, according to the OECD’s latest Economic Assessment of Colombia.
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Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe.
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This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise.
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Despite the economic importance of the road transport sector, there is no systematic cross-country evidence on the sector’s efficiency.
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List of Economic Assessment of Colombia
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