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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.
The 11 March earthquake is the country's worst disaster of the post-war period and addressing reconstruction needs must be a priority. Policy must then be directed to sustaining growth through; correcting the fiscal situation, addressing labour market dualism and reforming education.
Estonia is recovering from a deep recession. Main policy challenges are: avoid cyclical unemployment becoming structural; strengthen fiscal framework; address non performing loans; reap efficiency gains in government operations and make more out of globalisation as a sustainable driver of growth
Going for Growth 2011 takes stock of recent progress in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2010 edition.
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.
Australia faces the mutually reinforced challenges of boosting labour supply and promoting social inclusion. Labour underutilisation is especially prevalent among groups such as lone parents, people with disability, and Indigenous Australians.
Statement by Secretary-General Angel Gurría at the occasion of the OECD-WB Conference on challenges and policies for promoting inclusive growth, 24-25 March 2011 at OECD, Paris.
Homeownership rates have increased significantly in many OECD countries over recent decades.
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This paper depicts the rapid development and transformation of the Chinese economy so far and discusses how to sustain vigorous and inclusive growth.