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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.
По мнению ОЭСР Российской Федерации, необходимо стимулировать процесс модернизации экономики для обеспечения долгосрочного развития страны и решения проблем, связанных с неравномерным распределением доходов.
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.
Consumer prices in the OECD area rose by 3.2% in the year to October 2011, compared with 3.3% in the year to September.
The Czech economy’s export-driven recovery is slowing as weak activity Europe curbs exports. Swift implementation of new reforms is needed to ensure sustainable, inclusive long-term growth and better resilience to external shocks, according to the latest Economic Survey of the Czech Republic.
Provisional figures show that gross domestic product (GDP) in the OECD area rose by 0.6% in the third quarter of 2011, against 0.3% in the previous quarter.
Composite leading indicators (CLIs) for September 2011 continue pointing to a slowdown in economic activity in most OECD countries and major non-member economies.
Consumer prices in the OECD area rose by 3.3% in the year to September 2011, compared with 3.2% in the year to August - the highest rate since October 2008.
Bold decisions are needed from the G20 leaders meeting in Cannes this week to get the global economy back on track, said OECD Secretary-General Angel Gurría.