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News & Events
News
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22-May-2007
The main economic challenge is ensuring implementation of the ambitious fiscal consolidation programme through budgetary discipline and structural reform in central and local government. Challenges also remain in raising the low employment rate.
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23-Apr-2007
Macroeconomic imbalances are weighting on growth prospects and are only started to unwind. Looking forward, major economic challenges remain for pension and retirement savings policies, financial markets and the tax system.
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05-Apr-2007
Following major economic reforms, the Slovak economy has grown strongly in recent years. Nevertheless, there is still considerable scope to strengthen growth prospects and to ensure that the benefits of growth are more widely distributed by raising employment rates, improving education outcomes (including by reducing the impact of socio-economic background), and by removing barriers to product-market competition.
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13-Mar-2007
The economic recovery in Belgium is becoming more durable. Nevertheless, unemployment remains high and there are already signs that some productions factors are coming under strain. Thus, further labour market reform is required to bolster employment gains. Other challenges include securing additional fiscal consolidation across all levels of government to address the sizeable consequences of ageing, enhancing the efficiency of tertiary education and further improving the functioning of the financial markets.
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14-Feb-2007
Since the 1990s’ crisis, Sweden has greatly improved its macroeconomic policies. All parts of society benefit from strong productivity growth, stable inflation expectations and public budget surpluses. Meanwhile, combating exclusion in the labour market is a key challenge, along with distortions in the housing market.
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30-Jan-2007
Norway is entering the fourth year of a long cyclical upturn that has brought down unemployment, without so far rekindling inflation. However, fiscal and monetary policies need to tighten faster to minimise risks of overheating. Other challenges include reforming pensions to improve fiscal sustainability, boosting labour supply by reforming long term sickness and disability schemes and improving policies to encourage innovation to sustain the rise in the country’s prosperity.
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23-Jan-2007
How can policy help the Spanish economy maintain its good performance? Boosting productivity through more innovation, reducing the inflation differential and reinforcing the resilience of the economy through more competitive product markets and a reform of the wage formation process are part of the answer. The survey also stresses the need to stabilise the housing market and confront the budgetary implications of ageing.
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04-Jan-2007
Monetary policy is responding to inflation pressures. The ECB should continue to refine its communication strategy in order to enhance clarity. The recovery creates a golden opportunity to get fiscal policy back on track. Member states need to make greater efforts to achieve budget balance and pay down debt.
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18-Oct-2006
Despite substantial progress with macroeconomic stabilisation and institutional reform, the recent turmoil in financial markets has highlighted the need for further structural reforms to increase productivity growth, expand the formal sector, and consolidate macroeconomic stability.
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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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Top of page
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Economic Survey of Denmark 2009
Economic Survey of Ireland 2009
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