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News & Events
News
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09-Aug-2006
Iceland's growth performance has been impressive, but it has been accompanied by large economic imbalances that need to be corrected swiftly by approriate monetary and fiscal policies. Other challenges include minimising risks to the stability of, and completing reforms in, the financial sector as well as human capital development to sustain the rise in the country's prosperity.
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31-Jul-2006
Australia is currently riding the global boom in commodities and must maintain macroeconomic stability when commodity prices eventually weaken. Sustaining long-term growth in living standards will require progress on numerous fronts: improving fiscal relations across levels of government; further reform of network industries; more efficient use of water; improving workforce skills; and increasing labour market participation by lone parents, second earners, disability beneficiaries and those aged over 55.
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20-Jul-2006
Japan has finally emerged from an extended period of economic stagnation following the collapse of the asset price bubble in the early 1990s. However, Japan needs to implement monetary and fiscal policies appropriate to its unique macroeconomic situation while advancing on a wide range of economic reforms necessary to sustain growth.
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05-Jul-2006
Economic growth is likely to be lower in the long term than in recent decades. Fiscal consolidation and pension reform are needed to put public finances on a sustainable path. Reforms to increase labour utilisation and upgrade skills are also needed.
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28-Jun-2006
Poland’s growth performance since 2004 suggests that the process of catch-up with higher-income countries has been renewed. But an improved balance of macroeconomic policies and further efforts to improve structural policies are needed to sustain and accelerate convergence.
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26-Jun-2006
The Canadian economy has performed well in recent years, but improving productivity performance will be crucial to achieving durable prosperity gains. In addition, it will be important to ensure that the federal and provincial fiscal arrangements, as well as social policies, are on a sustainable path.
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15-Jun-2006
This paper discusses ways to strengthen competition in order to boost productivity growth and help restrain inflation. Economics Department Working Paper 491 by David Rae, Line Vogt and Michael Wise.
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13-Jun-2006
OECD countries urgently need to get more people into paid employment if they want to boost living standards and keep welfare systems afloat. They can do this by moving away from policies that discourage people from working and companies from hiring and by doing more to raise workers’ skills.
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08-Jun-2006
The Czech Republic’s economic growth performance has improved and now compares favourably with other catch-up countries in the region. However, ensuring sound public finances, improving the labour market and enhancing the business environment remain key challenges.
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30-May-2006
The economy has experienced a long period of weak growth, although a recovery is in the offing for 2006; even so, improving resilience, public finances and potential growth (through labour utilisation and productivity) remain key challenges.
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