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Sub-par global growth and slowdown in emerging economies requires a shift in policy action

Economic recovery is progressing in the world’s advanced economies, but stagnating world trade and deteriorating conditions in financial markets are curbing growth prospects in many of the major emerging economies, according to the OECD’s latest Interim Economic Outlook.




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Children paying a high price for growing inequality, OECD How’s Life? report finds

Children are paying a high price for today’s growing inequality, according to a new OECD report.




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Emerging market slowdown and drop in trade clouding global outlook

A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year - well below the long-run average – and is a source of uncertainty for near term prospects, says the OECD.




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Enhancing competitiveness, purchasing power and employment by increasing competition in France

Over the past decade, France has substantially eased the burden of anti competitive regulations and effectively enforced competition law against anti-competitive practices.




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Policies for Productivity Growth

Where does the productive capacity of firms come from? What are the barriers that prevent resources to flow to the firms with the greatest potential? Why is it that not all people that possess entrepreneurial talent choose to start firms?




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Towards more gender equality in Austria

Gender mainstreaming with the aim of more gender equality ranks high on the agenda of Austrian policy makers.




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The time is now for a new Latin America-China partnership to foster mutual development strategies, says the Latin American Economic Outlook 2016

Latin America’s GDP growth slowdown deepened and is expected to be negative in 2015. For a second consecutive year, Latin America falls behind the average growth of OECD countries after a full decade of convergence with advanced economies, according to the Latin American Economic Outlook 2016.




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Finland: Structural reforms needed to boost growth and employment

Finland enjoys a high level of income and well-being, but the economy has weakened and new reforms will be necessary to restart growth, boost productivity increase employment and restore competitiveness, according to the latest OECD Economic Survey of Finland.




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Costa Rica: Stronger and more inclusive growth will require new reforms

Costa Rica has made impressive economic, social and environmental progress, but further institutional and policy reforms will be necessary to ensure stronger and more inclusive growth, according to the first-ever OECD Economic Assessment of Costa Rica.




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Elusive global growth outlook requires urgent policy response

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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Global economy urgently needs a stronger and more coherent policy response to promote robust and inclusive growth

Policymakers need to deploy broad-based reform plans that incorporate monetary, fiscal, and structural policies to stimulate persistently weak demand, re-launch productivity growth, create jobs and build a more inclusive global economy, according to the OECD’s annual Going for Growth report.




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Lithuania: Achieving stronger and more inclusive growth will require new reforms

Lithuania has made remarkable economic and social progress, but further policy reforms will be necessary to ensure a more productive and inclusive economy, according to the first-ever OECD Economic Assessment of Lithuania.




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Chile: better skills for inclusive growth

Improving education and skills is the linchpin to reduce income inequality and boost productivity growth. This paper argues that to improve, and make better use of, the skills of the labour force, Chile could gain a lot from a comprehensive and consistent Skills Strategy along three pillars: developing, activating and using skills effectively.




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Growing together: towards a more inclusive Ireland

The Irish economy is growing strongly, but there is a risk many households will be left behind despite robust growth. High joblessness especially among the low-educated and skill-biased wage differentials have induced high market income inequality, among the highest in the OECD.




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Korea needs new reforms to boost productivity, employment and growth

Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.




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Structural reforms to boost inclusive growth in Greece

This paper takes stock of the main structural reforms that Greece has undertaken since 2010, those currently proposed and that are in the process of implementation, and quantifies the medium and long‑term effects on output.




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How to boost export performance in Greece

Boosting investment in infrastructure and logistics, further liberalising the network industries, improving investment in human and knowledge-based capital to allow upgrading in the global value chains will be essential to enhance export performance.




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Making growth more inclusive in Costa Rica

In the past 30 years Costa Rica has grown steadily and social indicators have improved markedly. Well-being indicators are comparable or even above the OECD average in several dimensions, such as health, environment or life-satisfaction. This paper reviews the social progress that Costa Rica has achieved and identifies reducing inequality and poverty as the main challenges.




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New OECD indicators trace productivity growth slowdown pre- and post- crisis

Productivity growth – the central driver of rising economic output and material living standards – has been slowing in many advanced and emerging economies in the wake of the crisis, according to new data released today in the OECD Compendium of Productivity Indicators.




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The twin challenges of promoting productivity and inclusive growth

Advanced economies remain in the doldrums. People’s incomes are rising at a very low pace, especially in the lower half of the distribution. Two global trends–the slowdown in productivity and the rise in inequality–reflect the state of policy, and point to the challenges policymakers face to change prospects for their citizens and the global economy.




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Global economy stuck in low-growth trap: Policymakers need to act to keep promises, OECD says in latest Economic Outlook

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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Regulations in services sectors and their impact on downstream industries: the OECD 2013 REGIMPACT indicator

This document presents the new 2013 set of the OECD Regulatory Impact (REGIMPACT) indicator. It measures the impact of regulatory barriers to competition in non-manufacturing sectors on all industries, through intermediate inputs.




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European economy is slowly recovering but legacies of the crisis remain and new challenges are emerging

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports.




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The contribution of weak investment to the productivity slowdown

Concerns around weak productivity growth are everywhere these days. As the latest OECD Economic Outlook notes, since the mid-2000s, productivity growth has been markedly lower than at any other time since the 1950s.




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Structural reforms for more inclusive growth in Greece

The Greek economy is turning around lately, but it remains in a deep depression. GDP has fallen by more than a quarter between 2007 and 2015, unemployment remains extremely high at 25 percent and anchored poverty – which measures poverty relative to its pre-crisis income level – has nearly tripled between 2007 and 2014, reaching a third of the population.




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US economy growing steadily but key reforms needed

The US economy is making one of the strongest comebacks in the OECD, but there are risks on the horizon, according to the OECD’s latest Economic Survey of the United States.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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Insolvency regimes and productivity growth: a framework for analysis

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth.




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Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality

Costa Rica’s economic, social and environmental achievements are impressive. It has succeeded in combining rising living standards, virtually universal health care, pension and primary education systems with sustainable use of natural resources.




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Governments should use tax systems to drive inclusive growth agenda

Governments should use tax policy to drive forward economic agendas that seek to boost growth while sharing the benefits more evenly within society, according to a new OECD report.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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Insolvency regimes and productivity growth: a framework for analysis

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth.




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OECD to help put innovation at heart of G20 global growth strategy

Leaders of the G20 countries meeting at their Summit in Hangzhou, China, have called on the OECD to help develop an agenda to build a stronger, more innovative and inclusive world economy.




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Enhancing Greek exports is key to jobs and growth

With weak domestic demand and a relatively low export share in the economy there is much potential to raise exports. Despite a recent pick-up Greek export performance deteriorated in the last decade particularly in the service sector and by much more than in the Euro area on average




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OECD warns weak trade and financial distortions damage global growth prospects

Weak trade growth and financial distortions are exacerbating slow global economic growth, according to the OECD’s latest Interim Economic Outlook.




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Labour market reforms in Korea to promote inclusive growth

Labour market reforms are essential to promote social cohesion by removing obstacles to employment, particularly for women, youth and older persons.




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Global Forum on Environment and Economic Growth

This Global Forum, held on 24-25 October 2016, aimed to shed light on the links between environment and economic growth, and the toolkits to quantify these links. It provided a platform to explore how a well-managed natural environment can contribute to economic growth and how an effective and efficient regulatory system can best be designed?




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Malaysia: Boosting productivity key to fostering inclusive growth

Malaysia’s economy has proven resilient to global headwinds, but more can be done to boost innovation, raise productivity and shift to a more sustainable growth path that will boost living standards for all, according to two new reports from the OECD.




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How do policies influence GDP tail risks?

This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods.




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Can reforms promoting growth increase financial fragility? An empirical assessment

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.




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How do policies influence GDP tail risks?

This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods.




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Can reforms promoting growth increase financial fragility? An empirical assessment

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.




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The distribution of the growth dividends

Widespread increases in inequality over the past three decades have raised the question of the distribution of the growth dividends.




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The distribution of the growth dividends

Widespread increases in inequality over the past three decades have raised the question of the distribution of the growth dividends.




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How do product market regulations affect workers? Evidence from the network industries

Knowing who gains and loses from regulatory reform is important for understanding the political economy of reform. Using micro-level data from 26 countries, this paper studies how regulatory reform of network industries, a policy priority in many advanced economies, influences the labour market situation of workers in network industries.




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GDP Growth - Third quarter of 2016, OECD

OECD GDP growth accelerates to 0.6% in third quarter of 2016




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The effect of the size and mix of public spending on growth and inequality

The effect of the size and mix of public spending on growth and inequality




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Using the fiscal levers to escape the low-growth trap

Using fiscal levers to escape the low-growth trap




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Make better use of fiscal initiatives to escape low-growth trap, OECD says in latest Global Economic Outlook

Expansionary fiscal initiatives and maintaining trade openness are needed to push the global economy out of today’s low-growth trap, according to the OECD’s latest Global Economic Outlook.




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Making growth more inclusive by enhancing social protection: the case of Malaysia

Malaysia’s success in alleviating poverty has been achieved despite the absence of an integrated and comprehensive social protection system.