Tunisians are facing the worst crisis in a generation, as COVID-19 hit an economy that was already slowing down. Macroeconomic policy through ﬁscal stimulus and monetary easing limited the depth and severity of the recession, but the pandemic has exacerbated structural weaknesses, in particular low investment and job creation, high unemployment and informality, mismatch between skills demand and supply, and outward migration of high-skilled professionals.
© Lizavetta/Shutterstock.comTunisia Economic Snapshot
The effect of the war in Ukraine on OECD countries, and beyond, will be profound. The humanitarian cost is already extremely high: millions of people are fleeing the war zone. This Interim Report focuses on the potential economic and social consequences of the war. The war is expected to slow the global recovery from the COVID 19 pandemic and further push up inflation worldwide.
© EyePress News/ShutterstockInterim Economic Outlook, March 2022
Latvia has enjoyed continuing catch-up in per capita incomes with the more afﬂuent OECD countries through the pandemic, despite slow progress in vaccination. Fiscal policy has handled the health-system challenges while protecting jobs and ﬁrms but could do more to ease inequality and poverty, especially among the elderly.
© RossHelen/Shutterstock.comLatvia Economic Snapshot
Norway has been more successful than many countries in limiting the spread and impact of COVID‑19. The country has maintained good outcomes on many economic and social indicators. GDP per capita remains among the highest in the OECD. However, there are challenges in sustaining good outcomes amid post‑pandemic economic adjustment, continued population aging and the urgency of tackling climate change.
© Tatiana Popova/Shutterstock.comNorway Economic Snapshot
Mexico is recovering from a pandemic that had deep economic and social impacts. Informal workers, women and youth were particularly hit, exacerbating long-standing social challenges. Mexico’s solid macroeconomic policy framework safeguarded macroeconomic stability. But medium term growth prospects have weakened and growth over the past two decades has been low.
© WitR/Shutterstock.comMexico Economic Snapshot