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This paper takes stock of recent labour market developments, highlights some of the key uncertainties, and discusses the policy options available to damp any further, structural deterioration in labour markets and facilitate an eventual, sustained, job-rich recovery.
The key tables on economics comprise national accounts data and economic statistics and indicators. These include gross domestic product (GDP), government and private spending, inflation rates, interest rates, unemployment rates and leading indicators.
Major structural reforms are necessary to prepare for euro adoption, all the more as the process of real and nominal convergence remains largely incomplete. This requires a substantial strengthening of alternative adjustment mechanisms to domestic interest- and exchange-rate changes.
The Polish economy has become increasingly connected with the international economy, but challenges are widespread to improve Poland’s position in global markets.
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Speech by Andrew Dean, Director, OECD Economics Department. Launch of the Economic Survey of Poland 2010
"The crisis brought to the fore that in a globalised economy, no single country has all the answers. Using our methods of peer learning, benchmarking and monitoring, the OECD can pave the way to build a stronger, more balanced and sustainable economic growth" said Angel Gurría in a speech delivered at the Prague University.
Presenting the OECD Economic Survey of the Czech Republic in Prague, Angel Gurría underlined that "The economy has shown considerable resilience in the face of extraordinary challenges."
The economy has moved into the first stages of recovery, but major challenges lie ahead: assuring medium- and long-term fiscal sustainability, further advancing pro-growth tax reform and building on recent reforms to improve the business environment.
Presenting the Economic Survey of the Czech Republic at a high level seminar in Prague, A. Gurría suggested the creation of a "watchdog" to monitor the fiscal policy process in order to make it easier to avoid overspending in good times and thus to limit deficit bias.
The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US.