22-July-2020
English
The OECD’s latest Economic Outlook projects a drop in global GDP growth of 6 percent in 2020, which could rise to 7.6 percent in case of a second wave of broad-based confinement measures. The impact on unemployment has exploded throughout the world.
20-July-2020
English
When Slovenia became an OECD member, the world was gripped by a profound international financial crisis. This was followed closely by a domestic financial crisis in Slovenia. However, the country bounced back and rapidly became a star performer in the OECD.
20-July-2020
English
The launch of this Economic Survey takes place against the backdrop of the Coronavirus pandemic. In Slovenia, the pandemic created a health crisis that was dealt with effectively by the health sector and the government’s confinement measures. The pandemic also halted one of the best economic performances in the OECD, leading to a slump, as in other countries.
18-July-2020
English
Addressing the tax challenges of the digitalisation of the economy should remain one of our top priorities. You have all agreed that action is necessary to reach a global, consensus-based solution, made of two pillars. Pillar one would provide the new nexus and profit allocation rules, while Pillar 2 would introduce a global minimum tax.
17-July-2020
English
We are here to discuss multilateralism in the post-COVID world. Too often, when we think about multilateralism, we jump straight into conversations about international organisations, but let me add another element which I consider crucial: the need to restore trust.
16-July-2020
English
In the medium term, we expect global production to increase, in step with rising demand due to population and income growth. In the next ten years, prices will be trending slightly downward. Moreover, productivity growth is going to drive the predicted increase in output.
15-July-2020
English
This year’s ELP comes at a particularly important moment. The COVID-19 crisis has caused global turmoil. The health, economic and social implications of the pandemic are unprecedented with no clear end in sight.
15-July-2020
English
This crisis can be particularly damaging for industries in which many women work, such as air travel, tourism, retail activities, accommodation, food and beverage. In OECD countries, women represent close to half of employment in the air transport industry, 53% in food and beverage services, and 60% in accommodation. Some manufacturing industries with strong participation of women are also facing severe disruption.
15-July-2020
English
In this challenging context, I would like to first congratulate the Costa Rican authorities for the innovative measures adopted to respond to the pandemic and to protect the most vulnerable. For instance, Bono Proteger, a cash transfer programme aimed to support informal, self-employed workers, as well as those who have lost their jobs, has proved a key measure to support those most in need.
13-July-2020
English
The economic slowdown that we were already experiencing worsened due to lockdown measures, the fall in global economic activity, and the disruption to international trade that had already been weakened by trade tensions is further complicated by the interruption of global value chains. We also anticipate a decline in remittances, tourism and foreign direct investment.