The latest OECD Interim Economic Outlook forecast global GDP growth to increase from around 3% last year to just over 3½% this year and next. Supported by policy stimulus, growth performance has been strong in the first half of the year and more synchronised across the world. Argentina, Brazil and Russia are returning to growth.
Latest indicators of rising business confidence and industrial production are welcome. However, we have been here before over the past five years and left “Waiting for Godot” – for the recovery that never comes. There are reasons to be more optimistic this time around. But we have not yet decisively escaped the low-growth trap. Growth in productivity and wages remains lackluster. Inequality and political tensions are high.
This 2016 OECD Economic Survey of the United States examines recent economic developments, policies and prospects. The special chapters cover:
Étude économique des États-Unis 2016
It is a pleasure to be here to present the OECD’s 2016 US Economic Survey. I would like to thank the US Administration ─ in particular Secretary Lew and his Treasury team ─ for their support and input on the Survey, and to Adam Posen and his staff for generously hosting us at the Peterson Institute.
L’économie américaine affiche l’une des plus fortes reprises de tous les pays de l’OCDE, mais l’horizon n’est pas sans nuages, selon la dernière Étude économique des États-Unis publiée par l’OCDE.
En 2014, les États-Unis ont enregistré le plus grand nombre de création d’emplois annuelle depuis les années 1990 et ce mouvement, le plus long jamais observé, s’est prolongé en 2015. Depuis deux ans, les salaires réels augmentent de 1,4 % par an, plus de deux fois plus vite que lors de la dernière reprise.
Statistics Working Paper N. 61, 2015/3 - This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. The four countries covered are France, Germany, Italy and the United States.
In his speech delivered at the Brookings Institute, OECD Secretary-General Gurría explains that OECD’s numbers tell a clear-cut story of how our traditional economic growth agenda has neglected inclusiveness. Yet to begin to tackle this problem, we have to understand that inequality is not just about money. It touches every area of people’s lives.
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This country note from Going for Growth 2015 for the United States identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.