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Greece is in deep crisis after years of fiscal laxity and weak structural reforms. To return to sustainable growth, the fiscal consolidation and product and labour market reforms underway should continue, be closely monitored, with the burden of the adjustment fairly shared, according to the OECD Secretary-General.
Greece needs to look beyond its short-term difficulties and start to prepare for a brighter future. It is at the crossroads, but can succeed, provided that it undertakes and implements relentlessly the right reforms. The reform of education is in fact the key to Greece’s future prosperity.
This report shows how aid for trade is becoming a growing priority for an increasing number of developing countries and donors; And how aid for trade is being connected to the broader development agenda, with strategies and priorities increasingly focusing on competitiveness and trade-led economic growth, said OECD Secretary-General.
La viabilité budgétaire et une croissance plus soutenue constituent les deux axes des principales recommandations formulées dans l’Étude. Avec une dette publique qui atteint 97 % du PIB, il est indispensable de redoubler d’efforts pour préfinancer les coûts liés au vieillissement, notamment en réexaminant les accords de préfinancement entre administrations. Pour stimuler la faible croissance potentielle – autre condition nécessaire à
Austria should seize the opportunity provided by its robust, export-led recovery to strengthen spending reforms and reinforce domestic drivers of economic growth, said Angel Gurría.
Austria has always been a remarkable ally to the OECD. It was one of the Organisation’s 19 founding members. It has been a pathfinder in many policy areas and it played a key role in our 50th Anniversary celebrations, said Angel Gurría.
What individuals know and can do has a profound impact on the competitiveness, productivity and social cohesion of their countries. But most importantly it has an impact on the quality of their lives; on their achievements and self-fulfilment, according to OECD Secretary-General Angel Gurría.
The OECD @ 50 strives to improve the prospects of growth and welfare in Member and partner countries, encourages civic participation and equality of opportunities, and seeks to realign the economy with the environment, said Angel Gurría.
Governments must ensure that employment services and training programmes are effective in matching people to existing jobs. They should also rebalance employment protection towards temporary workers; consider reducing taxes on labour; and promote work-sharing arrangements that can minimise employment losses during downturns.
Countries must boost international co-operation as they redesign their tax systems to meet future revenue needs and economic competitiveness challenges, said OECD Secretary-General Angel Gurría.