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Countries can use labour market reforms, more targeted tax and transfer systems and better education policies to simultaneously curb the income gap between rich and poor while boosting economic growth.
Private consumption was the main contributor for the OECD as a whole, adding 0.3 percentage point, with net exports and gross fixed capital formation each contributing 0.2 percentage point.
The assessment is little changed compared to last month for most countries, but the CLIs for Japan, United States and Russia are showing stronger signs of a positive change in momentum and remain above long-term trend.
The OECD’s latest economic survey of Chile, to be published on Tuesday 17 January 2012, discusses the country’s recovery from the global economic crisis and looks at the major challenges as growth slows worldwide.
Consumer prices in the OECD area rose by 3.1% in the year to November 2011, compared with 3.2% in the year to October 2011.
По мнению ОЭСР Российской Федерации, необходимо стимулировать процесс модернизации экономики для обеспечения долгосрочного развития страны и решения проблем, связанных с неравномерным распределением доходов.
Composite leading indicators point to a slowdown in economic activity in all major economies, but with some variation in the strength of the slowdown across countries.
The Russian Federation must further modernise its economy to meet long-term development and income inequality challenges, according to the OECD. A combination of sound macroeconomic management, improved business climate, effective social policies and greater energy efficiency is required.
The OECD will publish its latest Economic Surveys of the Russian Federation and Israel on Monday 12 December 2011.
OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.