The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
The Secretary-General attended the G20 Finance Ministers and Central Bank Governors (FM&CBG) Meeting and the International Monetary Fund/World Bank (IMF/WB) Spring Meetings. He also presented the OECD Scoreboard on Financing SMEs and Entrepreneurs and attended a series of meetings and other events.
Mayors from cities across the United States, Asia, Europe, Africa and Latin America gathered in New York to launch a global campaign to address rising inequalities and foster inclusive growth in their cities, in their countries and worldwide.
The Secretary-General launched the OECD/Ford Foundation Inclusive Growth in Cities Campaign along with more than 20 mayors from around the world. He also held bilateral meetings with several mayors attending the event and met with UN ambassadors.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
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In 2012, 26% of students in the United States (U.S.) were low performers in mathematics (OECD average: 23%), 17% were low performers in reading (OECD average: 18%), 18% were low performers in science (OECD average: 18%), and 12% were low performers in all three of these subjects (OECD average: 12%)
Drought in California has been in the headlines frequently these last three years, with startling pictures of empty reservoirs, rivers and canals, wildfires, disappearing snowpack and dry earth. Yet these dramatic effects have not stopped the agricultural sector from growing.
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This 4-page online document presents the key findings from OECD Pensions at a Glance 2015 and why it is important for the United States. It also identifies two key pension policy measures which would help improve the performance of pension systems in the United States.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
The Secretary-General attended the United Nations summit for the adoption of the post-2015 agenda and the UN 2015 general assembly. He delivered remarks on strengthening global partnership for the post-2015 development agenda, participated in high-level events in the margins of the summit, and met with leaders and officials also in attendance.