Strong growth in emerging countries over much of the past decade has substantially boosted developing countries’ share of the global economy. In 2011, non-OECD countries accounted for more than 50% of the world’s GDP, expressed in purchasing power parities. The BRIICS alone accounted for about 30%, said OECD Secretary-General.
“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.”
It is my great honour and pleasure to welcome Chancellor Merkel to the OECD to discuss Germany’s challenges and its role in the world economy, said OECD Secretary-General.
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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.