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A broad agenda of reforms in four areas – labour markets, education, product markets and innovation – should strengthen Poland’s economy and allow it to continue its path of convergence towards the income levels of the more affluent OECD economies, said Angel Gurría during a seminar in Warsaw.
The present issue covers the outlook to end 2015 for both OECD countries and selected non OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
Economic policy can achieve results only if policy makers – and the voters to whom they are accountable – know what is happening to the economy. Understanding the economy as a whole depends on the available statistics. So economic statistics shape policy and events, and the most closely watched measure is the growth of gross domestic product (GDP).
The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.
Norway’s economy has continued to prosper, but the financial system needs to be resilient against possible systemic risk, and a vibrant entrepreneurial culture will be important to maintain sustainable growth in the future.
OECD annual inflation increases slightly to 1.7% in January 2014
The adjustment following the crisis has been particularly painful in Southern European countries, including Spain.
The adjustment following the crisis has been particularly painful in Southern European countries, including Italy.
Germany’s recent economic performance has been solid, with record low unemployment rates and sound fiscal position, which sets it apart from many European countries.
Canada enjoys relatively high GDP per capita but productivity growth has been weak despite comparatively high investment in knowledge-based capital, a fairly competitive business environment and a reasonably well-functioning labour market.