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The United Kingdom has made tremendous progress in recovering from the largest economic crisis in 80 years. And this progress has laid the foundations for further reforms needed to boost productivity and inclusiveness.
Growth in the United Kingdom has picked up, supported by a wide range of domestic policies. A balanced recovery requires higher productivity growth and would benefit from raising infrastructure investment and ensuring sustainable bank lending.
The United Kingdom’s economy is projected to expand this year and next, but challenges remain to boost productivity and make future growth more inclusive, according to the OECD’s latest Economic Survey.
This report delivers evidence-based and practical recommendations on how to better support employment and economic development in England. It builds on sub-national data analysis and consultations with local stakeholders in Nottingham and North Nottinghamshire in the East Midlands as well as Hull and Scarborough in Yorkshire and the Humber. It provides a comparative framework to understand the role of the local level in
The challenge before us is clear. It is no longer possible for us to think about inequalites and growth separately. We need to promote more Inclusive Growth to ensure the recovery and lay the foundations for a shared and affluent future.
Investment is one of the central engines of growth. But we don’t just need investment, we need intelligent investment. We need investment that fosters green growth, we need investment that supports innovation and entrepreneurship.
The OECD has been a successful international standard-setter for over 50 years, and we have developed a wealth of experience and best practice in achieving international cooperation and coordination. But to bring international law into the 21st century we need a global dialogue, a multi-stakeholder debate on the way forward.
Mr. Angel Gurría, OECD Secretary-General, was in London on 23-24 February to present the 2015 OECD Economic Survey of the United Kingdom, alongside Mr. George Osborne, Chancellor of the Exchequer.
There are now 42 signatories to the OECD Declaration on Green Growth. Lithuania has joined Costa Rica, Colombia, Croatia, Latvia, Morocco, Tunisia, as well as OECD members in having adhered to the declaration. Latest reports are now available on Zambia, Slovak Republic, Slovenia and Korea.
English, PDF, 99kb
This country note from Going for Growth 2015 for the United Kingdom identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.