Productivity is a major determinant of living standards and its growth will increasingly drive economic performance in the future. Yet, productivity is weak and its growth has been slowing down in many OECD and partner countries. Consequently, productivity is at the centre of economic policymaking in many member countries, and at the centre of the research agenda of many OECD Committees.Read more
Over the past decade, France has substantially eased the burden of anti competitive regulations and effectively enforced competition law against anti-competitive practices.Read more
The Economic Resilience work stream aims at providing a systematic and holistic framework, including a set of indicators, to help governments identify vulnerabilities to shocks and crises early on so as to reduce their likelihood and economic cost. The findings arising from this work stream will be used to strengthen macro and structural policies surveillance.Read more
Economic growth will need to come increasingly from productivity, as demographic changes will make raising labour participation increasingly more difficult. The industrial sector, where a few key structural reforms could unleash significant unexploited potential, can play a leading role in boosting productivity. Currently, a fragmented indirect tax system, insufficient infrastructure, weak competitive pressures and low integration into international trade are holding back Brazil’s industry, which has not benefited enough from the global trends that have shaped industrial production elsewhere.
This year’s report launched on the first day of the G20 finance ministers’ meeting in Istanbul, Turkey. It identifies and assesses progress that countries have made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.