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The pace of reform has accelerated in those OECD countries where it is needed most, says the latest Going for Growth report. It identifies the specific action needed to help governments steer their economies out of the crisis, stimulate growth and create jobs.
Experts, manufacturers and government officials meeting in Paris this week reaffirmed their commitment to maintaining safety standards in farm machinery by expanding and updating the OECD’s harmonised tests and codes.
Greece has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement that was developed jointly by the Council of Europe and the OECD and that is open for signature to all countries.
To help governments boost competition and drive down excessive prices in international mobile roaming markets, the OECD has released a series of recommendations to protect consumers.
More people in developed countries are overweight or obese than ever before, dooming them to years of ill-health and early death. New OECD data show however that in some countries obesity rates are slowing, and that’s good news for people’s health and government budgets.
The Secretary-General says the package will provide the necessary confidence and breathing space for Greece to work on its recovery and for Europe to address its sovereign debt crisis.
Russia today took a major step toward upholding international anti-bribery standards by depositing its instrument of accession to the OECD Convention at a ceremony at the OECD in Paris.
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.
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.