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Growth in the United Kingdom has picked up, supported by a wide range of domestic policies. A balanced recovery requires higher productivity growth and would benefit from raising infrastructure investment and ensuring sustainable bank lending.
Tackling inequalities and informality is a priority. The tax-benefit system should be made more redistributive and employment friendly. Addressing barriers to competition and skill mismatch is crucial to support productivity growth.
Reform of labour market and competition policy, better tax and public spending, supported by improved justice and public administration are vital to raise employment, increase growth and improve public finances.
Changes to Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to a new OECD report.
Belgium has returned to growth, halted competitiveness losses and improved its fiscal framework, but still faces a high public debt. Vulnerable groups, such as immigrants, struggle with low employment and poor housing.
The Belgian economy has returned to growth and continues scoring well on broader measures of well-being, but further reforms will be needed to secure fiscal sustainability while promoting employment and competitiveness, according to the latest OECD Economic Survey of Belgium 2015.
The income gap with respect to top performing countries is diminishing slowly. Declining labour supply and skills shortages pose risks for competitiveness. Reforms are needed to raise productivity and make more of Estonia’s human capital base.
The underlying strengths of the Estonian economy have helped it bounce back from the crisis, but some challenges remain to finding a steeper, more inclusive and more sustainable growth path, according to the latest OECD Economic Survey of Estonia.
To ensure sustainable and inclusive growth over the medium-term, the Colombian authorities are faced with three key challenges: adjusting to the commodity boom, boosting productivity growth and reducing income inequality.
Mexico has embarked on a bold package of structural reform to break free from three decades of slow growth, low productivity, pervasive labour market informality and high income inequality. Major structural measures have been legislated.