Local housing markets are presently highly disparate in Canada. While in most smaller localities real estate prices are fairly stable and not out of line with the fundamentals (incomes and rents), 10 of the 15 large Census Metropolitan Areas monitored by the Canada Mortgage and Housing Corporation (CMHC) show signs of overvaluation, and seven show moderate or strong evidence of overbuilding.
The Greek economy is turning around lately, but it remains in a deep depression. GDP has fallen by more than a quarter between 2007 and 2015, unemployment remains extremely high at 25 percent and anchored poverty – which measures poverty relative to its pre-crisis income level – has nearly tripled between 2007 and 2014, reaching a third of the population.
L’économie canadienne s’ajuste à la baisse des termes de l’échange. Réduire les risques à la stabilité financière, accroître les gains de productivité et rendre la croissance plus verte et inclusive sont les principaux défis.
Concerns around weak productivity growth are everywhere these days. As the latest OECD Economic Outlook notes, since the mid-2000s, productivity growth has been markedly lower than at any other time since the 1950s.
Etudes économiques de l'Union Européenne et de la Zone Euro 2016
The ECB, the Bank of Japan and five other central banks in Europe have applied negative interest rates on commercial banks’ reserves. This additional monetary policy stimulus, following large asset purchases by central banks in some of these areas, should boost the economy and thus raise inflation closer to target.
The OECD framework for estimating potential output is combined with previous OECD empirical research to analyse the causes of recent weak productivity growth.
Etude économique République Tchèque 2016
Long-term rates are low in OECD countries, particularly in Japan, France and Germany. This opens up fiscal space and can justify any public investment projects with a positive rate of return.
Pour continuer de combler son retard par rapport aux autres pays de l'OCDE en termes de niveau de vie, la Pologne doit investir dans des compétences de plus haut niveau.