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Economy : Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates

16-Jun-2010

The economic and financial crisis is accelerating a longer-term structural transformation in the global economy, with the aggregate economic weight of developing and emerging economies on the verge of surpassing that of the countries that currently make up the advanced world, according to new analysis from the OECD Development Centre.

OECD Factbook 2010 focuses on causes and consequences of crisis

27-May-2010

The data and a range of other indicators of the crisis and its aftermath can be found in the OECD’s Factbook 2010, an annual digest of economic, social and environmental statistics. The latest edition takes a special look at the causes and consequences of the crisis. The data also show how governments have been responding.

Economics: Growth rising faster than expected but risks increasing too, says OECD Economic Outlook

25-May-2010

Economic activity in OECD countries is picking up faster than expected but volatile sovereign debt markets and overheating in emerging-market economies are presenting increasing risks to the recovery, according to  the OECD’s latest Economic Outlook.

Economy: easy credit, welfare threaten new economic crisis, warns OECD Committee chair

24-May-2010

Are the policies that governments have put in place to stabilise the global economy and restore growth sowing the seeds for a new economic crisis? While more welfare spending and easier credit can temporarily help to shore up economic activity, they could in the medium term make the problems that caused the current crisis worse, argues William White, chair of the OECD’s Economic Development and Review Committee.

Greece : OECD welcomes fiscal consolidation plan, says it will help strengthen economy

04-May-2010

OECD Secretary-General welcomes the fiscal consolidation plan and loan package agreed by the Greek government, its Euro area partners and the International Monetary Fund. The plan provides Greece with the breathing space it needs to bring its public finances under control.

Economy: innovation and pro-green policies offer new sources of growth

29-Apr-2010

Faced with unprecedented levels of unemployment, unsustainable fiscal deficits and public debt and low economic growth, governments need to focus on innovation and pro-green policies as potential new sources of growth, OECD Secretary-General Angel Gurría told a meeting of heads of international organizations convened by German Chancellor Angela Merkel in Berlin.

Finland : Fiscal consolidation key to restoring growth

07-Apr-2010

Hard-hit by the collapse in exports and faced with the costs of the recession and of population ageing,  Finland will need to strengthen its public finances through reining in municipal spending growth and pursuing further labour market and retirement reforms. Improving the tax system and lowering regional labour market disparities would help tackle rising inequality.

China : OECD head calls for more social spending, flexible exchange rate

23-Mar-2010

In a speech at the China Development Forum in Beijing, OECD Secretary-General Angel Gurría recommended that China adopt a more flexible exchange rate regime to avoid looming inflationary pressures and that it boost public spending on education, health, pensions and social assistance. In a contribution to the Forum, the OECD underlined the importance of domestic economic reforms for harmonious globalisation.

Global economy : OECD contributes to G20 efforts to bring public finances under control

22-Mar-2010

The OECD has produced a set of recommendations for G20 governments to help them rein in escalating – and some cases unprecedented - levels of public debt.  The recommendations focus on strategy, timing and action and looks at reforms that can strengthen public finances over the longer term. 

Why green growth?

25-Feb-2010

A new paradigm is needed to ensure that countries take better advantage of the large potential benefits that can accompany the move towards greener economies. Countries still do not take full account of the costs of inaction on environmental challenges such as climate change, air and water pollution and inefficient use of energy and resources. Such costs of inaction can be considerable, especially for developing countries whose economies rely more heavily on natural resources and where climate change is expected to hit hardest.




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Economic Survey of Australia 2010

Economic Survey of Australia 2010