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The euro area is recovering from a severe recession. The build-up of large economic, fiscal and financial imbalances poses a major challenge. A new cross-cutting approach to these policy areas, together with structural reforms, is now required to make national economies more stable.
The recent economic crisis inflicted substantial damage on the public finances of many countries around the world. Meanwhile, growth remains largely subdued. How can governments restore public finances while promoting economic growth?”
The financial system has still not fully recovered. Major questions remain over how banks operate and are regulated. The solutions must be found, argues William R. White, Chair of the OECD Economic and Development Review Committee.
OECD countries need growth if they are to emerge from the crisis and create jobs. But where will that growth come from? Also, with challenges such as climate change and global development, how can cleaner, smarter economic activity be unleashed?
“We cannot return to business-as-usual” has been a constant refrain since the economic crisis started. How can new growth sources be tapped? What about fighting poverty, and ensuring food and energy supplies while safeguarding our planet? OECD experts discuss the issues.
Public debt in the OECD area is fast approaching 100% of GDP, as the financial and economic crisis badly deteriorated government budgets. A concerted move towards more balanced budgets is needed, while preparing the ground for economic growth.
Turkey is recovering from its most severe recession in several decades.
This paper provides a broad overview of policy goals and instruments and commonly used performance and policy indicators related to land transport.
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.
Turkey is recovering from a severe recession. Once growth gains full speed, the authorities will likely face the challenge of widening external imbalances and of ensuring a smooth functioning of the financial markets.