The French economy is expanding, the labour market is recovering – albeit gradually - while productivity and the standard of living remain generally high, according to a new OECD report.
"I have extended my sincerest congratulations to Mr Macron on his election as President of the French Republic," Mr Gurría said from Paris. "The values of openness and understanding that he represents are at the core of the OECD's mission. We look forward to working closely with President Macron to better shape globalisation to make it work for all, promoting better lives in France, Europe and worldwide."
France has improved its environmental performance over the last decade, lowering greenhouse gas emissions, reducing some air pollutants and cutting its use of fresh water. Further effort will be needed, however, to reduce pollution by nitrates and pesticides and meet ambitious renewable energy targets, 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.
On behalf of the OECD, Secretary-General Angel Gurría tonight condemned in the strongest terms the barbaric terrorist attacks perpetrated in Paris on the evening of 13 November.
In a note presented to French Economy Minister Emmanuel Macron today (only available in French), the OECD estimates that five sets of measures in the Macron Law could potentially increase France’s GDP by 0.3% over 5 years and by 0.4% over 10 years.
OECD Secretary General Angel Gurría welcomes the initiative of President Francois Hollande and Chancellor Angela Merkel to put forward a structural and ambitious response to the current refugee crisis.
With the passage of the law for Growth, Activity and Equality of Opportunities, the French government has taken a step forward in its efforts to strengthen the competitiveness of the economy,” OECD Secretary-General Angel Gurría said today.
To commemorate Latin America and Caribbean Day, first established in 2011 by the French Senate, OECD Secretary-General Angel Gurría was awarded the Senate’s Médaille de la Haute Assemblée. This honour was bestowed upon him by the President of the French Senate, Mr. Gérard Larcher, in recognition of the Secretary-General’s major contribution to the strengthening of relations between Latin America and France.