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Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal
measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened
unemployment has risen, earnings have declined and social tensions have increased.
The OECD has appointed a former Portuguese economy minister and a high-level German government official to top leadership posts in the Economics Department, reinforcing its commitment to identifying and promoting policies that improve countries’ long-term economic performance.
Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful "Bolsa Familia" programme.
The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.
Stockbuilding main driver of OECD GDP growth in the third quarter of 2013
Composite leading indicators point to an improving economic outlook in most advanced economies
OECD annual inflation picks up to 1.5% in November 2013. This increase in the annual rate of inflation was mainly driven by energy prices which increased by 0.1% in the year to November, compared with a decrease of 1.3% in the year to October.
This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that the Baltics, Cyprus, Greece and Ireland, in particular, are hit by a strong decline in lending in the wake of the financial crisis.
This paper presents the new OECD competition law and policies (CLP) indicators which measure the
strength and scope of competition regimes in 49 jurisdictions (OECD and non-OECD). The indicators
cover areas for which there is a broad consensus among member countries on what constitutes 'good'
practice for competition regimes.
In the wake of the financial crisis there has been renewed focus on the importance of a country’s net
external debt position in determining domestic interest rates and, relatedly, its vulnerability to a crisis. This paper extends the panel estimation of OECD countries described in Turner and Spinelli (2012) to investigate the effect of external debt and its interaction with government debt on the interest-rate-growth differential.