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Renewed impetus for reforms is essential for India to continue to narrow its major gap in living standards with middle-income and OECD economies, to reduce widespread poverty, to reverse rising inequality and to improve the wellbeing of all Indians. Based on the expertise of OECD, this report presents an update of policy advice in critical areas to India’s long-term economic performance and social development.
During his official visit to India, OECD Secretary-General Angel Gurría will participate in an interactive session with Indian industrialists to discuss the global economic situation, the outlook for the Indian economy and the OECD-India cooperation.
Secretary-General Angel Gurría outlines the crucial actions that we must take to resolve the euro crisis, strengthen the global financial system and anchor growth in the long-term through structural reform at the 30th anniversary of the International Institute of Finance in Tokyo.
Secretary-General Angel Gurría discusses the efforts of the OECD to support Egypt, Jordan, Morocco, Tunisia and other MENA countries to restore investor confidence, tackle unemployment and foster policy conditions for strong, sustainable and balanced growth.
Real GDP growth in the OECD area slowed to 0.2% in the second quarter of 2012, compared with 0.4% in the first quarter.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, show that the loss of momentum is likely to persist in the coming quarters in most major OECD and non-OECD economies.
Secretary-General Angel Gurría opened the OECD High-level Parliamentary Seminar with an exchange of views on ongoing efforts by the OECD to restore confidence. An example is our “New Approaches to Economic Challenges” initiative to examine lessons learned from the crisis while identifying a renewed strategic policy agenda for inclusive growth and well-being.
In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its reduction over the medium to longer term. This paper uses stylised simulations in a small, calibrated macroeconomic model which features endogenous interactions between fiscal policy, growth and financial markets.
OECD Secretary-General addresses how Estonia can become more resilient to external shocks and achieve even stronger, more sustainable and inclusive growth at the official launch of the latest OECD Economic Survey of Estonia.
Estonia has achieved high growth, but boom/bust cycles need to be mitigated by macroprudential and fiscal policies, and the social costs of volatility reduced by investments in skills and innovation, activation and targeted income support.