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Large shifts in countries’ external current account positions can be disruptive, often reflecting sudden stops in the flows of external finance and leading to exchange rate and banking crises.
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This chapter discusses the size of current consolidation requirements and the pace at which budget positions should be strengthened in the context of a set of macroeconomic projections to 2025.
Angel Gurría recalled the role played by the OECD Bologna Process and Charter and the "need to harness the potential of SMEs and entrepreneurs in the fight against unemployment, social exclusion and poverty" in his remarks to the “Bologna+10” High-level Meeting.
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs.
Australia’s key risks are medium-term--supply bottlenecks, the rising current account, and uncertainty about commodity prices. Policies should guard against inflation and fiscal pro-cyclicality while preserving a flexible economy and ensuring a fair distribution and use of the prosperity benefit
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How can the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates contribute to stronger growth, sounder public finances and more sustainable global imbalances?
The OECD Secretary-General presents a report prepared for G20 Seoul Summit. The report is structured as follows. First, it elaborates on how the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates would contribute to stronger growth, sounder public finances and more sustainable global imbalances. The Report then discusses options for strengthening the OECD
The key tables include gross domestic product (GDP), government and private spending, inflation rates, interest rates, unemployment rates and leading indicators.
Updated continuously. Includes Purchasing power parities (PPPs) for GDP and for actual individual consumption and exchange rates (national currency per USD) from 1970 to latest available.
This paper describes the sources and methods used to construct the trade matrices of the OECD trade system.