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Real GDP in the OECD area grew by 0.5% in the first quarter of 2011. Although private consumption remained the main driver of growth in the OECD as a whole, its contribution to growth fell in nearly all major economies.
Consumer prices in the OECD area rose by 3.2% in the year to May 2011, compared with 2.9% in April - the highest rate since October 2008.
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business.
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
This paper addresses the often neglected question of how macroeconomic risk is shared across and within economies, and identifies reforms that could contribute towards achieving more desirable risk-sharing outcomes.
Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.
This paper uses an impulse-response function approach to assess the magnitude and persistence of the labour force participation effects of downturns for a sample of 30 countries over the period 1960-2008.
Iceland is slowly recovering from the deep recession caused by its banking crisis but further action is need to strengthen monetary policy and boost employment.
India has the chance to move towards strong, sustained and socially inclusive growth if the right policies are put in place, according to a new OECD report.
India’s economy has ranked among the best performers over the past decade, and poverty has been falling faster than in many other emerging economies. India now has the opportunity to move towards sustained and socially inclusive double-digit growth if the right policies are put in place, according to the OECD Secretary-General.