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Korea recovered faster and more vigorously from the global crisis than most OECD countries, but strong economic growth alone will not be enough to address the fundamental challenges posed by its rapidly ageing population and rising inequality, according to the latest Economic Survey of Korea.
The OECD’s latest Economic Survey of Korea, to be published on Thursday 26 April 2012, discusses the country’s fast and vigorous recovery from the global economic crisis, as well as the challenges it faces to sustain long-term growth.
The economic crisis has led to a surge in government deficits and pushed public indebtedness to 100% of GDP for the OECD as a whole in 2011. New research shows that bringing debt down to prudent levels will require sustained fiscal consolidation in most OECD countries.
Composite leading indicators (CLIs) continue to point to a positive change in momentum in the OECD as a whole but with some divergence between major economies.
OECD area annual inflation was stable at 2.8% in the year to February, with diverging and offsetting movements in energy and food price inflation.
W okresie globalnego kryzysu gospodarczego Polska wyróżniła się na tle państw OECD dzięki znacznie szybszemu wzrostowi gospodarczemu w porównaniu do większości państw oraz imponującemu sukcesowi w zakresie redukcji różnic dochodów w porównaniu ze swoimi europejskimi partnerami.
Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.
Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros in order to restore market confidence, OECD Secretary-General Angel Gurría said today.
The OECD’s latest economic survey of the Euro area and European Union, to be published on Tuesday 27 March 2012, looks at the measures and structural reforms needed to boost growth, rebalance the region’s economies and strengthen governance.
Swift action is needed to stabilise the Hungarian economy and put growth on a sound footing for a durable recovery, according to the latest Economic Survey of Hungary. Strengthening the credibility and predictability of domestic policies and undertaking much-needed fiscal consolidation will be key.