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Twenty years ago climate change was viewed as just an environmental issue. Today it is squarely an economic issue. Climate change poses significant risks to our economic systems that could result in very large damages. To mitigate these risks we need to radically transform our economies and societies to stop global warming.
“Our experience has shown that reforms are usually enacted in times of crisis, as there may be no other option,” said OECD Secretary-General Angel Gurría during the Survey launch in Berlin. “However, reform processes should continue in good times. For Germany, this means that the country should act now to embark on a more inclusive and resilient growth path.”
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The OECD has acquired a high reputation as an uncompromising but important advisor when it comes to drawing comparisons, compiling statistics and issuing recommendations, said Federal Chancellor Angela Merkel during a visit at the OECD.
OECD Secretary-General Angel Gurría congratulated German Chancellor Angela Merkel on her re-election for a third term.
Mr. Angel Gurría discusses upcoming trade issues at a Trade Policy Luncheon Discussion “Standstill in the Doha Round - are bilateral free-trade agreements a way out of the dead-end?” in Berlin, focusing on the need for trade openness, accompanied by appropriate active labour market and social protection policies.
We must improve mobility policies, foster energy technology and innovation and we must go seamless to improve efficiency and connectivity of transport. It is time to act now, to design, promote and put in place better transport policies for better lives!
Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy, says Angel Gurría.
Liberalization in the services sector would bring benefits to Germany and to the euro area. It would boost investment and therefore growth in Germany, said A. Gurría.
Speaking at a conference in Berlin, Angel Gurría says that a new architecture of financial reform together with sustainable fiscal consolidation strategies, structural reforms and efforts to explore new sources of growth will be essential to build a stronger, cleaner and fairer world economy.
Faced with unprecedented levels of unemployment, unsustainable fiscal deficits and public debt and weak economic growth, governments need to focus on innovation and pro-green policies as potential new sources of growth, says OECD Secretary-General Angel Gurría.