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The road ahead will not be easy, though: financial market concerns about sovereign debt are extending to a growing number of countries and now they threaten to include Belgium. Thus fiscal sustainability and higher growth are the backbone of our main recommendations in this Survey. With a public debt at 97% of GDP, a renewed and sustained effort to prefund ageing costs is needed, including revisiting intergovernmental prefunding
Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a slowdown in most major economies for May 2011.
Austria should seize the opportunity provided by its robust, export-led recovery to strengthen spending reforms and reinforce domestic drivers of economic growth, said Angel Gurría.
Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.
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.
- Economic Survey of India 2011
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
- Economic Survey of New Zealand 2011
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.
- Economic Survey of Estonia 2011
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.
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.