Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.
Mr. Angel Gurría was in Berlin at the invitation of Mrs. Angela Merkel, Chancellor of Germany. The Secretary-General also attended the G7 Stakeholder Conference and deliver remarks at a panel on promoting decent work worldwide through sustainable supply chains
While past labour market reforms have been successful in terms of employment, the relative poverty risk and income inequality have remained broadly unchanged in recent years.
The world economy is still suffering from the strains of the longest crisis of modern times, and nowhere is this more evident than in the high unemployment numbers. In this OECD Observer Roundtable, we asked a cross-section of ministers: “What actions are you taking to create more and better jobs in your economy?”
Mr. Stefan Kapferer was appointed Deputy Secretary-General of the OECD on October 6, 2014.
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High variations in health care use for knee replacement and cardiac procedures, suggest more effort is needed to improve the appropriateness of health care activities in Germany.
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In Germany, employment continues to grow and the employment rate is now among the highest in the OECD (73.4% in the first quarter of 2014). Consequently, unemployment has fallen to 5.1% (ILO definition) in in the second quarter of 2014– well below the OECD average of 7.4% and less than half of the Euro area’s average at 11.6%.
Mari Kiviniemi, Finland’s former Prime Minister, and Stefan Kapferer, currently State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy, have been appointed Deputy Secretaries-General of the OECD.
Specific country notes have been prepared using data from the database OECD Health Statistics 2014, June 2014 version. The notes are available in PDF format.
Twenty years ago climate change was viewed as just an environmental issue. Today it is squarely an economic issue. Climate change poses significant risks to our economic systems that could result in very large damages. To mitigate these risks we need to radically transform our economies and societies to stop global warming.