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Portugal has made significant progress in modernising its economy over recent years but the country needs to further pursue structural reforms to restore competitiveness and thus move to more dynamic and sustainable growth.
The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.
William White, Chair, OECD Economic and Development Review Committee on tackling imbalances and avoiding another crisis.
The deep scars of the crisis can be relieved through appropriate policy action, particularly in competition, jobs, taxes and financial services. This would bolster long-term growth too.
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Special Chapter from Economic Outlook 87, May 2010
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The future growth path in Luxembourg is likely to be weaker than in the past. Pension reform, together with fiscal consolidation, is required to put the public finances on a sustainable footing, while adaptability of the labour market need to be improved.
The Polish economy has become increasingly connected with the international economy, but challenges are widespread to improve Poland’s position in global markets.
Major structural reforms are necessary to prepare for euro adoption, all the more as the process of real and nominal convergence remains largely incomplete. This requires a substantial strengthening of alternative adjustment mechanisms to domestic interest- and exchange-rate changes.