A moderate recovery is under way in major advanced economies after two years of subdued growth. Overall, most indications point to a continued underlying strengthening of the pace of growth, helped by accommodative monetary policy and reduced fiscal drag.
Mr. Angel Gurría, Secretary-General of the OECD, was in Washington from 10 to 13 April 2014, to attend the G20 Finance Ministers and Central Bank Governors (FM&CBG) meetings and the IMF/World Bank Spring Meetings. While in Washington, Mr. Gurría also held bilateral meetings with several US senior officials.
To achieve higher productivity growth, raise investment and foster job creation, we need to foster competition in our economies, said Angel Gurría in Washington.
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Analysis for the United States (US) from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
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Note summarising the United States' results in the PISA 2012 problem solving assessment.
Many countries are facing the scourge of slow growth and rising inequality in income and opportunities. They risk being trapped in a vicious circle that could lead to weaker economic performance and greater exclusion. To avoid this, policy action is needed.
Inequality is a multi-dimensional challenge, it goes beyond income and it affects the wellbeing of our people. We need a multidisciplinary policy response and that’s what the Inclusive Growth initiative that we are launching in the OECD will provide.
The recovery of the US economy has kept momentum, although investment remains subdued in contrast to a comparatively good employment performance.
Mr. Angel Gurría, Secretary-General of the OECD, was in New York on 26-27 February 2014 to open the OECD / Ford Foundation Workshop “Changing the Conversation on Growth: Going Inclusive”, alongside Mr. Darren Walker, President of the Ford Foundation.
The United States is one of the top performers among OECD countries in terms of both productivity and labour utilisation. It has shown signs recently of a broader-based recovery taking hold with growth gaining momentum.