Promoting potential growth: The role of structural reform

The global crisis has left many G20 countries with an unenviable legacy of lower potential output and high government indebtedness. Global imbalances, which had narrowed during the recession, are now beginning to widen again, as the recovery takes hold.

Economic Survey of South Africa 2010

The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

Related Documents

• EO87 Chapter 4: Prospects for growth and imbalances beyond the short term (“framework”)
• OECD Economic Outlook No. 87, May 2010

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

Related Documents

• OECD Economic Outlook No. 86, November 2009
• EO87 Chapter 4: Prospects for growth and imbalances beyond the short term (“framework”)

Israeli Education Policy: How to Move Ahead in Reform

Israel’s education system produces many tertiary graduates but there are wide gaps across society and core skills at secondary school are weak, as discussed in this working paper.

Related Documents

• Economic Survey of Israel 2009

Policy Options for Reducing Poverty and Raising Employment Rates in Israel

Despite some best-practice policies, challenges remain in raising employment and lowering poverty, particularly among Arab-Israeli and Ultra-orthodox households, as discussed in this working paper.

Related Documents

• Economic Survey of Israel 2009

Israel: Monetary and Fiscal Policy

Monetary policy and inflation prospects are broadly sound in Israel, but significant challenges remain for fiscal policy in reducing public debt, as discussed in this working paper.

Fiscal consolidation

Governments and central banks have implemented wide-ranging support packages in response to the global crisis. Discretionary fiscal measures, coupled with cyclical revenue losses and expenditure hikes, have resulted in a sharp increase in budget deficits, which are projected to peak at 8¼ per cent of GDP in the OECD area as a whole in 2010. How to get out of this dangerous spiral? How can we address this challenge while at the same

The political economy of fiscal consolidation

This paper explores the political economy of fiscal adjustment.

How to put the global economy on a sustainable growth path

William White, Chair, OECD Economic and Development Review Committee on tackling imbalances and avoiding another crisis.