What a necessary discussion: improving the effectiveness and efficiency of our public sectors! Of course we need to make them more inclusive, more green, more dynamic, more innovative. This is crucial to deliver the recovery and tackle climate change but also to win back our lost treasure: the trust of our people.
Nearly a decade after the worst economic crisis in living memory, our countries may finally be escaping the low-growth trap. Global growth is projected to rise from 3% in 2016 to 3.5% this year, and to 3.7% next year, with the upturn increasingly synchronised across the world. This is welcome news, but there is definitely no room for complacency.
I want to focus on the urgent and systemic issue of climate change, which is more than just an environmental problem. Just two days ago, the 2017 Lancet Countdown report was released, showing that climate change is already a critical public health issue, one disproportionately affecting the most vulnerable as well as those least responsible for anthropogenic warming.
There is no single factor that can explain the rise of protectionism in the US, Brexit, Catalan separatism and the strength of populist parties in the Netherlands, France, Italy, Germany, Austria and other countries.
La disruption est notre nouvelle réalité, dans le secteur de l’assurance, ainsi que plus largement dans nos économies et nos sociétés. Qu’elle soit réglementaire, technologique ou politique, elle induit d’importantes transformations au sein de votre secteur.
This is a further sign of the region’s deepening engagement with the OECD and, in particular, of our extensive and fruitful collaboration with Kazakhstan under the OECD Country Programme, which we renewed this summer.
In both advanced and emerging countries, we observe growing dissatisfaction among citizens over what they perceive as the adverse effects of international trade, technological change and immigration on their daily lives.
Tackling BEPS is also about tax morale: Maintaining the integrity of our tax systems—so that citizens are confident that all individuals and businesses are making a contribution and that the tax laws are fairly applied—is essential to ensuring continued trust in and support for our institutions.
The APEC membership, comprising many dynamic emerging economies, shares the common challenge of meeting growing expectations from a young workforce with increasing appetites for new and better infrastructure services.
According to the latest OECD Interim Economic Outlook forecast, global GDP growth will increase from around 3 percent last year, to just over 3½ percent this year and next.