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.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The answer to the question "how's life?" depends on where you live. The factors that determine well-being can vary dramatically across the same country so national averages may not provide the full picture. See our regional indicators to see exactly how life is being lived.
The Secretary-General attended the G7 Leaders’ Summit and spoke at the outreach sessions “Stability and Prosperity in Asia” and “2030 Agenda for Sustainable Development Goals”.
The Secretary-General presented OECD’s recent analysis and recommendations on the world economy, on more balanced and efficient financial markets for growth, and on progress on the international tax system. He also spoke at the G7 High-Level Symposium “Future of the Global Economy”, organised by the Japanese G7 Presidency.
Japan, one of the founding members of the OECD Development Centre, conveyed its intention to return as a member. Prime Minister Abe and Minister of Foreign Affairs Fumio Kishida confirmed Japan's commitment to the OECD Secretary General Gurría and Development Centre’s Director Mario Pezzini during their visit to Tokyo earlier this week.
Prime Minister, Ministers, thank you for the invitation to share with you our thinking on the global economic outlook and the challenges ahead.
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Japan has the 12th lowest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in Japan faced a tax wedge of 32.2% in 2015 compared with the OECD average of 35.9%.
Look at Japan and you see the future of many OECD countries. Extreme demographic shifts are re-sculpting the country in dramatic ways, defining future challenges and demanding new policy responses. Blog by Bill Below, on the challenges faced and the opportunities available.
Japan has already taken some bold and determined steps in recent years to tackle its economic, social and environmental challenges. But broad-based reforms across a range of areas are still needed.