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Prepared for the Meeting of the OECD Council at Ministerial level on 6-7 May 2014, this report pulls together the work on financial issues carried out by the Directorate for Enterprise and Financial Affairs over the past two years in connection with the New Approaches to Economic Challenges (NAEC) initiative. Find out more at www.oecd.org/naec.
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Section 1 discusses the main lessons from the crisis, the response that followed, current economic challenges, and challenges going forward, the latter being largely based on the long-term trends identified and analysed in the OECD@100 project. Section 2 outlines new policy themes and tentative recommendations that are emerging from NAEC projects.
The 62 Statistical Annex Tables have been grouped into 8 categories. All 62 tables are available in Excel below and also in OECD.Stat.
English, PDF, 564kb
The composition of global output will continue to shift towards emerging economies as well as towards Asia; the combined GDP of China and India was 33% of that of the OECD in 2010 (on a PPP basis), but is expected to rise to 73% by 2060.
The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD’s latest Economic Outlook.
After six long years of pain and fear, the major advanced economies are finally building momentum. While two of the four cylinders of the global economy’s growth engine – credit growth and emerging market activity – are still running below full speed, there are encouraging signs that the other two, trade and investment, are finally warming up.
Smarter planning for natural and man-made disasters that increases collaboration between countries and encourages households and businesses to take more responsibility would improve resilience and reduce future economic losses, a new OECD report says.
Inequality – now at its highest level in decades in many countries – undermines economic growth and well-being, says a new OECD report. But policies to tackle the widening gap between rich and poor will only succeed if they also look beyond income and address better access to high-quality education, health care and public infrastructure, it adds.
The OECD Week 2014 "Resilient Economies & Inclusive Societies" brings together the annual Meeting of the OECD Council at Ministerial Level and the OECD Forum. The key issues on the global agenda will be debated by all stakeholders – business, labour, civil society and academia – as well as by ministers.
Forum 2014, entitled Resilient Economies for Inclusive Societies, will be organised around three cross-cutting themes: Inclusive Growth, Jobs, and Trust, exploring the multifaceted nature of resilience and how to now “bounce forward” in addressing economic, social, and environmental challenges.