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Economy


  • 17-November-2020

    English

    The impact of COVID-19 on SME financing - A special edition of the OECD Financing SMEs and Entrepreneurs Scoreboard

    The COVID-19 crisis has had a profound impact on SME access to finance. In particular, the sudden drop in revenues created acute liquidity shortages, threatening the survival of many viable businesses. The report documents an increase in demand for bank lending in the first half of 2020, and a steady supply of credit thanks to government interventions. On the other hand, other sources of finance declined, in particular early-stage equity. This paper, a special edition of Financing SMEs and Entrepreneurs, focuses on the impacts of COVID-19 on SME access to finance, along with government policy responses. It reveals that the pre-crisis financing environment was broadly favourable for SMEs and entrepreneurs, who benefited from low interest rates, loose credit standards and an increasingly diverse offer of financing instruments. It documents the unprecedented scope and scale of the policy responses undertaken by governments world-wide, and details their key characteristics, and outlines the principal issues and policy challenges for the next phases of the pandemic, such as the over-indebtedness of SMEs and the need to continue to foster a diverse range of financing instruments for SMEs.
  • 14-April-2020

    English

    Synthesising good practices in fiscal federalism - Key recommendations from 15 years of country surveys

    The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while it can also make intergovernmental frameworks more complex, harming equity. The challenges of fiscal federalism are multi-faceted and involve difficult trade-offs. This synthesis paper consolidates much of the OECD’s work on fiscal federalism over the past 15 years, with a particular focus on OECD Economic Surveys. The paper identifies a range of good practices on the design of country policies and institutions related strengthening fiscal capacity delineating responsibilities across evels of government and improving intergovernmental co-ordination.
  • 17-January-2020

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Davos from 20 to 24 January 2020

    Mr. Angel Gurría, Secretary-General of the OECD, will be in Davos, Switzerland, from 20 to 24 January 2020 to attend the Annual Meeting of the World Economic Forum (WEF).

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  • 4-November-2019

    English

    Switzerland: prepare for population ageing to maintain high living standards

    Switzerland enjoys some of the highest per-capita GDP and living standards of OECD countries. Taking action now to prepare for a fast-ageing population will be key for the prosperity and well-being of future generations, according to a new OECD report.

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  • 18-January-2019

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Davos from 21st to 25th January 2019

    Mr. Angel Gurría, Secretary-General of the OECD, will be in Davos, Switzerland, from 21st to 25th January 2019 to attend the Annual Meeting of the World Economic Forum (WEF).While in Davos, the Secretary-General will participate in several sessions and meet with several government and business leaders attending.

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  • 19-January-2018

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Davos on 22-26 January 2018

    The Secretary-General will participate in several sessions of the programme on a wide range of policy issues. While in Davos, he will also hold bilateral meetings with Heads of State and Government and other Senior Officials from several countries attending the Forum, as well as CEOs from various companies.

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  • 14-November-2017

    English

    Switzerland: Sustain high levels of well-being by boosting productivity growth

    The Swiss economy has shown considerable resilience to shocks, but economic growth remains slow, and per capita income levels still hover at levels attained before the global economic crisis. Further reforms are needed to restore productivity growth, boost incomes and ensure that today’s high living standards and levels of well-being are passed on to future generations, according to a new report from the OECD.

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  • 17-October-2017

    English

    Economic Survey of Switzerland 2017

    The Swiss economy has shown remarkable resilience in recent years in the face of the 2009 financial crisis and significant currency appreciation in 2015.

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  • 19-February-2016

    English

    Raising public spending efficiency in Switzerland

    Despite having low government spending, Switzerland scores highly in various public policy outcomes, including health, education and transportation. But, as the population grows and ages, efficiency of public spending will have to rise to maintain low tax rates.

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  • 18-February-2016

    English

    Policies to tame the housing cycle in Switzerland

    High house prices are being supported by very low interest rates, immigration-fuelled population growth and smaller family units, while demand is being bolstered by mortgage interest tax deductibility and institutional investors.

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