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Germany recovered rapidly from the 2008-09 recession, with GDP topping pre-crisis rates during 2011 and unemployment falling significantly. Public finances are sound, but further reforms are needed to transform its growth model to thrive as a knowledge-based economy.
The OECD area unemployment rate, unchanged at 8.2% December 2011, continued to show the stability seen throughout 2011.
Composite leading indicators (CLIs) point to a positive change in momentum for the OECD as a whole, driven primarily by the United States and Japan, but similar signs are beginning to emerge in a number of other developed economies.
OECD Secretary-General Angel Gurría said Spain’s comprehensive reform programme is a major step forward in strengthening the country’s banking system and its public finances, as well as creating a more dynamic labour market.
El Secretario General de la OCDE, Angel Gurría, afirmó que el paquete de reformas aprobadas por el Gobierno Español es un importante paso en el fortalecimiento del sistema bancario, de las finanzas públicas, así como en la creación de un mercado laboral más dinámico.
The OECD’s latest economic survey of Norway, to be published on Wednesday 15 February 2012, discusses how sound macroeconomic policies and well-managed petroleum wealth have helped the country successfully weather the global economic crisis.
Governments should invest more in disadvantaged schools and students to ensure that everyone gets a fair chance, according to a new OECD report.
L’Italia ha avviato un programma di riforme molto ambizioso ma indispensabile per rafforzare la finanza pubblica, rilanciare la crescita e migliorare la competitività della sua economia.
Italy has embarked on an ambitious, much needed reform programme to strengthen its public finances, to restore growth and to improve the competitiveness of the Italian economy.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 8.1% in the year to December, down from 11.6% in the year to November.