The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.
OECD annual inflation increases slightly to 1.7% in January 2014
The Survey discusses Norway’s determination to strengthen financial stability, through the use of new policy tools to help policymakers prevent and manage financial crises, notably concerning housing market related risks.
Tourism has shown resilience through the global economic crisis and accounts today for 4.7% of GDP and 6% of jobs on average in OECD countries. Yet as tourist arrivals worldwide surpass 1 billion annually, many established destinations are losing market share to up-and-coming countries in an increasingly competitive environment.
Merchandise trade continues to pick-up across most major economies in fourth quarter of 2013
Adopting ambitious and comprehensive structural reform agendas will offer governments the best chance for a return to strong, sustainable and balanced economic growth that creates jobs and reduces inequality, according to the OECD’s latest Going for Growth report
OECD Secretary General Angel-Gurría has welcomed Tunisia’s progress towards democratic reconstruction and pledged to support the Tunisian government and people in the challenges ahead.
OECD GDP growth rate stable at 0.6% in fourth quarter of 2013
This year’s report identifies and assesses progress that countries have made on key reforms to help their economies rebound from the global economic crisis, boost long-term growth, improve competitiveness and productivity and create jobs.
Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries.