After six long years of pain and fear, the major advanced economies are finally building momentum. While two of the four cylinders of the global economy’s growth engine – credit growth and emerging market activity – are still running below full speed, there are encouraging signs that the other two, trade and investment, are finally warming up.
It is a real pleasure to be back in Brasilia to launch “Investing in Youth: Brazil”. One of Brazil’s greatest assets is its relatively young population. But you can reap a demographic dividend only if the environment is right for harnessing the potential and the talents of the young generation.
There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.
While unemployment is gradually declining in the United States, Mexico and Japan, it is increasing in the Euro area. In emerging economies, tackling low paid employment in insecure jobs with little social protection remains a key challenge.
This report comes at a crucial time, as the economic recovery remains hesitant and uneven, and when over 48 million people are still out work in the OECD area. Unemployment is a social tragedy that we urgently need to address.
This OECD Forum and the Ministerial Council Meeting that follows, are precisely about people. This is the raison d’etre of this event: the wellbeing of our people. So be confident, you are at the right place, this Conference is about you, and your families, and your friends, and their dreams, fears and opportunities, said Angel Gurría.
Conference to launch the The OECD Analytical Report on Displaced Workers. This report uses a comparable methodology to examine job displacement in its consequences in 15 countries. Along with providing more reliable international comparisons, this study provides new findings about the impact of displacement on skill-use and job benefits, issues that have received relatively little attention in the research literature.
Re-igniting growth and putting people back to work will be essential to restore citizens’ confidence with positive spill-over effects on other policy measures and their effectiveness, said OECD Secretary-General.
During his official visit to India, OECD Secretary-General Angel Gurría will participate in an interactive session with Indian industrialists to discuss the global economic situation, the outlook for the Indian economy and the OECD-India cooperation.
OECD Secretary-General assesses the employment challenges facing Europe and the policy responses urgently needed to put the continent back on a path of jobs-rich growth, at the Employment Policy Conference in Brussels.