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Norway’s dual income tax system achieves high levels of revenue collection and income redistribution, without overly undermining economic performance and while paying attention to environmental externalities.
Sluggish demand slows OECD GDP growth in the fourth quarter of 2011
OECD area annual inflation was stable at 2.8% in the year to February, with diverging and offsetting movements in energy and food price inflation.
Throughout the global and European economic crisis, Poland has been the OECD’s champion in terms of cumulative real GDP growth. But Poland must continue to build on its past achievements and make further progress in areas where reforms are needed to sustain strong growth in the years to come.
W okresie globalnego kryzysu gospodarczego Polska wyróżniła się na tle państw OECD dzięki znacznie szybszemu wzrostowi gospodarczemu w porównaniu do większości państw oraz imponującemu sukcesowi w zakresie redukcji różnic dochodów w porównaniu ze swoimi europejskimi partnerami.
Poland has been the OECD’s best real GDP growth performer through the crisis. The priority in terms of macroeconomic policies is to steadily reduce the public deficit. The Survey highlights recommendations to improve the health-care system and adopt more efficient environmental polici
Strengthening the Single Market and its implementation are needed to boost growth. To boost growth and create a sustainable recovery, a strengthening of the Single Market and better implementation of the existing framework are needed to achieve a more integrated and competitive EU economy.
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Graph Statlink - Euro area 2012
The euro area must restore sustainable and balanced growth. Decisive action is needed to stabilise vulnerable euro area debt markets in the short run. But, a sustainable recovery can only be achieved with a sound financial sector and structural reforms to boost growth and ease the debt burden.
Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros in order to restore market confidence, OECD Secretary-General Angel Gurría said today.