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Portugal has started on a long road of economic adjustment to boost growth and reduce debt. A range of structural reforms are needed to restore fiscal sustainability, improve labour market performance and rebalance the economy towards tradables.
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.
While Korea remains one of the fastest-growing OECD economies, its potential growth rate per capita is projected to decelerate from around 4% during the current decade to around 2¼ per cent during the 2030s.
Korea, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009.
What: The OECD Economic Survey of Canada provides an in-depth analysis of the Canadian economy and gives recommendations for economic policy. The report covers macroeconomic developments, monetary policy, financial market regulation as well as fiscal policy.
Loan creation has not recovered after the crisis owing to a combination of demand and supply factors.
Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries.
A rapid decrease in unemployment is a short-term priority to limit social problems and reduce the risk of rising structural unemployment.
Based on the latest available data up to 2009, the health status of the Hungarian population is among the poorest in the OECD, including countries with a similar level of income per capita.