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The UK’s short-term labour market prospects are likely to be negatively affected by the recent referendum decision to leave the EU. OECD estimates suggest that Brexit could cut real GDP growth by 0.5 percentage points in both 2017 and 2018, and that by 2020 the cumulated loss in GDP could be 3 percent
Northern Ireland is currently undertaking public administration reforms organised around three main objectives: improving strategic approaches, improving operational delivery of services to citizens and businesses, and improving engagement with people. This review supports those reforms by providing an assessment and recommendations on a wide range of issues, including strategy-setting and co-ordination, strategic government-wide human resources management, open government, regulatory reform and digital government. It highlights areas where Northern Ireland possesses strengths upon which to build future reforms and suggests actions for the future. This is the first Public Governance Review to be conducted by the OECD at the subnational level.
The OECD will spare no efforts in supporting the Government of the United Kingdom advance the country's economic and social agenda, says Mr Gurría in a statement issued following the referendum on membership of the EU.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The Secretary-General spoke at the Anti-Corruption Summit, hosted by Prime Minister David Cameron. He also met with leaders attending the event and signed a memorandum of understanding with Italian National Anti-Corruption Authority.
Leaving Europe would impose a "Brexit tax" on generations to come. Instead of funding public services, this tax would be a pure deadweight loss, with no economic benefit, said OECD Secretary-General in London.
A UK exit from the EU would immediately hit confidence and raise uncertainty which would result in GDP being 3% lower by 2020, which equates to £ 2200 per household. The OECD states that such costs are already piling up in a new study released today.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
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In 2012, 22% of students in the United Kingdom were low performers in mathematics (OECD average: 23%), 17% were low performers in reading (OECD average: 18%), 15% were low performers in science (OECD average: 18%), and 11% were low performers in all three of these subjects (OECD average: 12%).