Stable growth momentum going forward in the OECD area

This paper analyses how technological progress embodied in capital goods raises productivity and income, while at the same time it can modify the allocation of consumption, investment and the capital stock.

The personal tax system has a large influence on incentives to work, save and invest and hence growth. At the same time it is a key policy lever for income redistribution.

A favourable business environment is crucial to boosting Belgium’s productivity and inclusiveness and to sustain improvements in long-term economic prosperity.

A highly educated and skilled workforce has been an important driver of productivity performance and prosperity in Belgium.

Switzerland is among the leaders in many global rankings including on R&D, innovation, infrastructure, universities and competitiveness. It is well integrated in global value chains, specialised in some high-value-added activities and home of many large multinationals. These factors should contribute to high, and rising, labour productivity.

Thanks to a highly developed welfare state, poverty is moderate on average in France, but – as in other countries – highly concentrated in some neighbourhoods.

OECD household income growth continues to lag GDP growth, slowing to 0.2% in third quarter of 2017

OECD household income growth picks up to 0.3% in fourth quarter of 2017 but continues to lag GDP growth

Las perspectivas de crecimiento favorable ofrecen a Chile una oportunidad para abordar sus bajos niveles de productividad comparados con los de otras economías desarrolladas, mejorar el acceso al empleo de calidad, y tomar medidas para reducir su desigualdad persistentemente alta, según un nuevo informe de la OCDE.

In Finland, as elsewhere, income taxation and the withdrawal of benefits reduce the pay-off for individuals who go from benefits to work.

Governments must implement comprehensive structural reform programmes to sustain stronger, greener and more inclusive growth that will extend beyond the current cyclical upswing, according to the OECD’s annual Going for Growth report.

In 2016 the Polish government introduced a large new child benefit, called “Family 500+”, with the aim to increase fertility from a low level and reduce child poverty. The benefit is universal for the second and every further child and means-tested for the first child. It more than doubles fiscal support for families, making Poland one of the top spenders in the EU concerning cash transfers for families.

Tunisia is firmly committed to a process of democratisation that needs underpinning by economic reforms in order to guarantee an improved standard of living for all Tunisians.

From a feudal trading hub connecting South with East Asia in the 18th and 19th centuries, Thailand has developed into a rapidly modernising and more urban economy. The second half of the 20th century saw the rapid expansion in manufacturing and services, which underpinned its transformation into an upper-middle-income country.

La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE.

The combination of different working-age benefits, childcare costs and income taxation creates complexity, reduces work incentives and holds back employment.

Mr. Angel Gurría, Secretary-General of the OECD, will be in Berlin on 11-12 June 2018 to attend a meeting with Chancellor Merkel and Heads of International Organisations. While in Berlin, the Secretary-General will also present the 2018 OECD Economic Survey of Germany.

As discussed in the latest OECD Economic Outlook, the prolonged undershooting of inflation targets, despite massive monetary policy stimulus and stronger economic growth and lower unemployment, raises issues about the appropriateness of current inflation targeting frameworks in advanced economies. While the frameworks differ in detail and implementation, they are principally based on medium-term inflation objectives of 2%.

Policy choices made today can have important positive effects on future living standards, according to new long-term economic scenarios released by the OECD.

Despite numerous headwinds and adverse shocks, Turkey's real GDP has grown by more than 34% over the past 5 years, faster than any other OECD country except for Ireland and only slightly less than China and India.

Canada is one of the OECD economies delivering the best outcomes for its citizens, especially in regards to self-reported well-being, personal security and health status. Canada is also undertaking several programmes to foster inclusive growth – with respect to childcare benefits, gender equality and social housing.

The current Canadian government has declared itself feminist and has taken a number of steps to improve labour market outcomes for women. In terms of employment and labour force participation, Canadian women do much better than the OECD average.

The paper examines the possible design and macroeconomic stabilisation properties of a euro area unemployment benefits re-insurance scheme using annual historical data from 2000 to 2016.

This paper exploits a new database that is unique in its scale and scope containing detailed information on over two million projects carried out by one million firms that benefited from the European Regional Development Fund, the European Social Fund and the Cohesion Fund in 25 EU member countries during the multi-annual financial framework 2007-2013.

OECD household income up 0.7% in first quarter of 2018, outpacing GDP growth

OECD annual inflation nudges up to 2.9% in July 2018

Mr. Angel Gurría, Secretary-General of the OECD, was in Vienna on 7-8 September 2018 to attend the Eurogroup Meeting / Informal Meeting of Economic and Financial Affairs Ministers (ECOFIN).

Easing growth momentum in the OECD area

Economic research has established that a large part of income disparities between poor and rich countries can be attributed to differences in governance and in the quantity and quality of human capital.

OECD annual inflation stable at 2.9% in August 2018

OECD CLIS continue to point to easing growth momentum in the OECD area

OECD annual inflation stable at 2.9% in September 2018

OECD household income growth slows to 0.3%, lagging behind GDP growth in second quarter of 2018

CLIs continue to signal easing growth momentum in the OECD area

En países latinoamericanos, la población crece a un ritmo mayor que el promedio mundial, lo cual intensifica el uso de la tierra y aumenta la urbanización. La región también es propensa a los impactos negativos del cambio climático y de los desastres naturales.

In Latin American and Caribbean countries the population is growing faster than the world average, intensifying land use and increasing urbanisation. The region is also prone to the negative impact of climate change and natural disasters, putting further pressure on natural resources.

The OECD’s new Public Governance Review of Brazil’s Supreme Audit Institution – the Federal Court of Accounts (TCU) – assesses the governance arrangements for the external audit of the Accounts of the President of the Republic. The report includes proposals to strengthen the positive impact of the audit on the executive and legislature’s decision making and to encourage public transparency, accountability, and debate.

Brazil’s economic growth has been supported in recent years by important government investment and social programmes that mobilise resources across the country. These programmes could help Brazil to meet its goals of sustaining economic growth and fostering social development, while reducing regional disparities.

After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.

OECD Secretary-General Angel Gurría will present two new major publications on Brazil during news conferences on 22 October in Brasilia. He will also hold a series of high-level meetings with Brazilian government officials.

Mr. Angel Gurría, Secretary-General of the OECD, will be in Brasilia on 21-22 October 2013 to present the OECD Economic Survey of Brazil and hold meetings with several Ministers.

Today, the OECD launched the Portuguese version of its Better Life Index in Brazil with football legend Pelé. The Portuguese version is the site’s 6th language edition, enabling the OECD to reach over 240 million Portuguese speakers across the globe.

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.

Our collaboration with Brazil began more than 20 years ago. Since then, Brazil’s participation has grown and highlights the importance that Brazil attaches to helping lead – and shape – the OECD’s work.

s part of ongoing efforts to deepen longstanding ties between the OECD and Brazil, OECD Secretary-General Angel Gurría will conduct an official visit on 3-5 November.

This OECD joint Federação das Indústrias de São Paulo (FIESP) seminar brings together participants from the Brazilian private sector, academia, government authorities, and international experts with one objective: building a positive agenda for Brazil.

The Secretary-General presented the OECD Economic Survey and the Environmental Performance Review of Brazil. He attended a series of meetings and also signed the Brazil-OECD Programme of Work for 2016-2017.

Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full zero-rating of exports in indirect taxes.

The OECD Working Group on Bribery is to send a high-level mission to Brasilia as soon as possible in November, to meet with senior officials, to reinforce the message that law enforcement capacity to investigate and prosecute foreign bribery should be preserved in order to ensure that Brazil remains able and committed to meeting its obligations under the OECD Anti-Bribery Convention.