Though the global economy is showing signs of improvement, there is still a serious risk of renewed weakening. Are governments’ efforts to balance their budgets working?
The Ministerial will kick off with the public launch of the latest Economic Outlook - an update of the health of the world’s major economies. OECD Secretary-General Angel Gurría and Pier Carlo Padoan, Deputy Secretary-General and Chief Economist of the OECD will outline the present state of the world economy and give projections for the coming years.
(Right/Left) Angel Gurría, OECD Secretary-General and Pier Carlo Padoan, Chief Economist, 2012 Ministerial Council Meeting
Immediately following a Q&A session with media, the Secretary-General and the Chief Economist will lead a panel discussion by ministers and senior economists responding to the burning questions of the day: when will the recovery fully resume? What are the main downside risks? How can we create jobs and increase youth employment without further burdening budgets? And is it possible to balance job-rich and inclusive growth with environmental concerns?
Paradigm lost: Rethinking economics and politics
Remarks by Angel Gurría, OECD Secretary-General, delivered at the INET Annual Plenary Conference - PANEL: The Challenge of Deleveraging and Overhangs of Debt - Inflation and Austerity, 13 April 2012, Berlin, Germany
Global Director of Energy and Climate Change Policy, The Dow Chemical Company; Chair, Environment Committee of the Business and Industry Advisory Committee to the OECD (BIAC), OECD Yearbook 2012