The current political deadlock in the United States is needlessly putting at risk the stability and growth not only of the US but also the world economy. This comes at a time when a fragile recovery in advanced economies was underway, and when a number of emerging economies were already facing new risks.
Today, the region’s economic outlook is rather promising, but they should be no cause for complacency as Africa is still facing multiple economic and social challenges.
Building an international tax system that is transparent, efficient and fair, will serve our economies, our governments and our citizens, said OECD Secretary-General at the G20 summit in St. Petersburg.
Austria’s prospects are among the strongest in Europe. Activity is picking up, and GDP is poised to increase by at least one and a half per cent next year (...) Austria’s rates of unemployment and youth unemployment remain among the lowest in the European Union, said Angel Gurría.
Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.
L'Italia ha compiuto notevoli progressi rafforzando le finanze pubbliche e adottando una vasta serie di riforme destinate ad incoraggiare la crescita economica. Il nuovo Governo deve garantire il rafforzamento di tali progressi e il perseguimento della medesima strada, secondo Angel Gurría.
Italy took courageous decisions and engaged reforms to address the crisis and create the necessary conditions to ensure economic recovery. The economic situation remains fragile but you are making visible progress and it is crucial to maintain the reform momentum, said OECd Secretary-General.
The coming expansion will be driven by exports, and should increase business investment and employment and bring an end to deflation. While we are encouraged by these developments, it remains critically important for Japan to address extremely high and still rising levels of government debt and other challenges posed by its ageing population, said OECD Secretary-General.
An OECD assessment jointly with the World Bank shows that nearly one in five commitments has been fully implemented. Progress is most advanced for tax and labour market reforms. Implementation is going more slowly for product market reforms, financial regulation and to improve human capital, reported OECD Secretary-General in Washington.
Our economic growth models have not equitably distribute benefits. Inequalities were brewing under the surface prior to 2007 and increased almost everywhere even during periods of sustained economic growth. We need to reverse this trend, said OECD Secretary-General.