To support the recovery, structural reforms that yield short-run as well as long-run gains should be prioritised.
The OECD will spare no efforts in supporting the Government of the United Kingdom advance the country's economic and social agenda, says Mr Gurría in a statement issued following the referendum on membership of the EU.
Outdoor air pollution could cause 6 to 9 million premature deaths a year by 2060 and cost 1% of global GDP – around USD 2.6 trillion annually – as a result of sick days, medical bills and reduced agricultural output, unless action is taken, according to a new OECD report.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
The Secretary-General met with officials from the European Commission and delivered a speech at the LIBE Commission of the European Parliament on the joint OECD-EC Indicators of Immigrant Integration 2015: “Settling In”.
The European Commission presented today an Action Plan to fundamentally reform corporate taxation in the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses.
Mr. Gurría was in Riga to attend ECOFIN and meet with several high-level officials.
Mr. Gurría exchanged views with members of the European Parliament Committee on Economic and Monetary Affairs and met with Mr. Klaus Welle, Secretary-General of the European Parliament.