Composite leading indicators (CLIs) are pointing to some divergence in the pace of economic activity across major economies.
Well targeted macroeconomic and structural policies would ensure long-term growth for the Italian economy while contributing to healthier public finances, according to the OECD Secretary-General presenting the Economic Survey of Italy in Milan.
This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
The recession has highlighted the need for structural reforms to help the New Zealand economy adjust towards a more sustainable growth path. This survey discusses policies to reduce external vulnerabilities, rebalance housing markets, improve product market regulation and foster green growth.
The financial crisis revealed flaws in pre-crisis policy frameworks.
Angel Gurría declared that "building on the trust we have established over the years, Russia is advancing on the accession track to become a member of the OECD. The accession process can be seen as a joint initiative to support Russia’s objective of modernising its economy."
Nearly two years after production began to recover from the worst recession to have hit OECD countries since the 1930s, the labour market situation remains a major preoccupation.
"The OECD has absolute confidence in Japan’s capacity to overcome the Great East Japan Earthquake, building on its unique stock of human capital, financial wealth, technology and discipline.", said Angel Gurría for the launch of the OECD’s Economic Survey of Japan in Tokyo.
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Aggregate demand policies have a role to play in supporting the economic recovery and stimulate jobs. Enhancing vocational training is desirable, even if beefing-up such programmes may be difficult in countries facing large budget deficits or with limited training infrastructure.