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After two decades of low growth and persistent deflation, Japan is showing signs of renewed economic dynamism. But to regain its primacy as a leading economic powerhouse and raise the well-being of its citizens, Japan needs a structural reform package to narrow the productivity gap with leading OECD countries, notably by increasing the labour participation of women and older citizens.
Composite leading indicators point to weakening growth in most major emerging economies but continued positive growth prospects in OECD countries
Focused on the main theme of "Resilient Economies and Inclusive Societies: Empowering people for jobs and growth", the 2014 Ministerial Council Meeting (MCM) will take place at the OECD’s Paris Headquarters on 6-7 May 2014, under the Chairmanship of Japan, with the United Kingdom and Slovenia as Vice-Chairs.
Part of the OECD's work on state-owned enterprises and inclusive growth, this workshop focused on learning lessons from the experience of developing countries aiming to emulate apparent success stories with using SOEs as part of the development process.
Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP ratios are stabilising and market tensions have abated.
Low productivity growth in the EU has deep structural causes. Strengthening human capital, work incentives and competition, and better integrating the Single Market would boost inclusive growth.
Raising euro area economic performance requires cleaning up bank balance sheets, completing banking union to foster unbiased risk assessment, further structural reforms and strong fiscal policy frameworks.
This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries.
Unwinding of stocks slows OECD GDP growth to 0.5% in the fourth quarter of 2013
This paper surveys recent international developments concerning the prudential regulation of financial institutions: banks, the shadow banking system and insurance companies. It concludes that, while substantial progress has been made, the global economy nevertheless remains vulnerable to possible future financial instability.