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News & Events
News
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20-Apr-2009
Estonia grew faster than most emerging market economies during 2000-07, but it is now in a severe recession due to a collapse of domestic demand in the wake of the international financial crisis. The main challenge facing the policymakers is therefore to bring the economy quickly back to trend growth by re-orienting activity from serving domestic demand towards building up capacity to export.
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31-Mar-2009
Economic activity is expected to plummet by an average 4.3 percent in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report.
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03-Mar-2009
The current crisis offers governments the opportunity of combining emergency action with the important structural reforms needed to improve long-term growth and resilience in their economies, according to OECD’s latest Going for Growth.
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16-Feb-2009
OECD Secretary-General Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
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23-Jan-2009
The crisis has shown the vulnerability of a global economy based on the idea that ever increasing production and consumption were the key to success, says OECD Secretary-General Angel Gurría. But this crisis is “a big opportunity for change, a colossal opportunity to bring about a greener economic growth and a more inclusive and reliable globalisation.”
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19-Nov-2008
The main challenges facing the Spanish economy are to minimise the economic costs of the current downturn, move workers shed to new jobs, and to raise sustainable productivity growth including by improving human capital formation and competition in product markets.
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17-Nov-2008
OECD’s latest economic survey of Spain will be published on Wednesday, 19 November 2008. It will include new forecasts and assess the policy challenges facing the country as the global downturn weighs on activity. Special chapters focus on jobs, education and competition.
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Tackling the financial crisis is key to economic recovery
27-Oct-2008
In the latest edition of the OECD Observer, Secretary-General Angel Gurría explains how OECD, as a hub for dialogue, can help governments chart a way out of the crisis while Chief Economist Klaus Schmidt-Hebbel says the resumption of economic growth will depend largely on how quickly conditions in financial markets normalise.
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15-Oct-2008
OECD welcomes the co-ordinated efforts of political leaders and financial authorities to address issues of liquidity, solvency and recapitalisation of the financial system. Looking beyond crisis management, Mr Gurría said the OECD will focus on the structural implications of the financial crisis, including a more holistic culture of risk management, compensation issues, accountable management, and more effective regulation. “We will also make proposals for improved financial education and risk awareness to restore the confidence of consumers of financial services,” he added.
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11-Jun-2008
Canada’s economic performance has been among the best in the OECD as a sound policy framework has enabled the country to take advantage of strong global growth and soaring terms of trade. The economy has adapted well to recent shocks, as labour and capital have shifted rapidly from manufacturing towards the resource and service sectors, with strong net job increases.
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