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Output growth of around 4% is projected in 2014-15. However, a new growth strategy is essential to foster a creative economy and sustain growth. Policies are also needed to reduce income inequality and poverty, particularly among the elderly.
벤처 기업과 중소기업이 보다 큰 역할을 하는 창조적인 경제를 육성하기 위한 새로운 성장전략이 필요하다. 또한, 소득불평등과 상대적 빈곤, 특히 49%에 달하는 노인 빈곤율을 감소시킬 수 있는 정책들이 필요하다.
Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.
The United States is doing better, but the legacies of the crisis are heavy and there is a lot of room for improvement. As we gradually exit the gravest crisis of our lifetimes, we have the unique opportunity to push forward reforms which will lead to sustainable, green growth and some inclusive societies, said OECD Secretary-General.
Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States.
In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008-09 crisis.
Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth.
G20 GDP growth steady at 0.8% in first quarter of 2014
Canada’s economic growth remains solid. However, the energy-sector boom has widened regional disparities and raised environmental challenges. House prices and household debt have increased to high levels. Skills shortages have emerged.
Over the past two decades, Canada has witnessed continued economic stability and progress despite the recent crisis that wreaked havoc in most other advanced economies. In fact, Canada has never had a banking crisis and has one of the highest levels of well-being, but challenges remain, said OECD Secretary-General.