In the past decade, overdose deaths have surged, particularly as (illicit) synthetic opioids have become more available. Opioid-related deaths touch urban and rural communities alike and are spreading to affect all demographic groups.
The economic expansion in the United States is now one of the longest on record, although it has been sluggish in comparison with previous recoveries. While job growth has reduced the unemployment rate to historically-low levels, many people still remain on the sidelines of the labour market, as shown by the low participation rates of prime age workers.
Mr. Angel Gurría, Secretary-General of the OECD, was in Madrid 13-15 June 2018. The Secretary-General delivered remarks at the event organised by the Consejo Iberoamericano para la Competitividad y Productividad: "Innovación gubernamental para un Estado al servicio de la Sociedad".
Stable growth momentum in the OECD area
Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally.
The German economy is undergoing a robust expansion, with record-low unemployment and real wage gains underpinning domestic demand while strong exports are driving business investment. The strong fiscal position will offer opportunities for funding structural reforms and public investment to meet future challenges, according to a new report from the OECD.
Network sectors (energy, transport and communications) have undergone a process of liberalisation in Greece in more than a decade.
Slow productivity growth in advanced economies holds back income gains and therefore improvements in well-being.
Slight easing of G20 GDP growth in first quarter of 2018
After a lengthy period of weak growth, the world economy is finally growing around 4%, the historical average of the past few decades.
Después de un largo período de débil crecimiento, la economía mundial finalmente está creciendo alrededor del 4%, cercano al promedio histórico de las últimas décadas.
1st Joint IMF-OECD-World Bank Conference on Structural Reforms
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.
The U.S. economy is experiencing one of the longest expansions on record, but the scars left by the Great Recession, as well as challenges posed by globalization and automation shocks, remain visible across the country, according to a new report from the OECD.
OECD appoints Laurence Boone as new Chief Economist
OECD annual inflation stable at 2.3% in April 2018
Mr. Angel Gurría, Secretary-General of the OECD, will be in Washington on 6-7 June 2018 to present the 2018 OECD Economic Survey of the United States.While in Washington, the Secretary-General will hold bilateral meetings with several US high level officials.
Over the past decade, limited structural reform and capital investment have held back productivity growth and improvements in well-being, and Thailand has lost ground vis-à-vis regional comparators.
The Peace pillar of the 2030 Agenda for Sustainable Development encompasses a diverse range of issues including stability and effective governance.
Thailand’s "sufficiency economy philosophy" encourages the prioritisation of long-term sustainability over short-term benefits.
Thailand’s path from a low-income to an upper-middle-income country over recent decades is widely hailed as a development success story.
Finland raises a large amount of taxes to finance high-quality public services and redistribute income.
“Urgent and concerted effort” is needed from governments to drive more inclusive, sustainable economic growth that benefits everyone in society, according to a new OECD report.
The combination of different working-age benefits, childcare costs and income taxation creates complexity, reduces work incentives and holds back employment.
The analysis suggests that countries with a counter-cyclical fiscal stance typically have a public spending structure that is more supportive of inclusive growth.
OECD GDP growth continues to slow in first quarter of 2018
Thailand has made remarkable socio-economic progress over the past several decades. Poverty has plummeted and access to education and health services has become near universal.
Greece is finally recovering from a deep depression. In 2017 GDP expanded by 1.3%, according to initial estimates, and is projected to accelerate to 2% in 2018 and 2.3% in 2019.
Paris, 15-16 May 2018 - This workshop will focus on recent developments and main policy challenges related to the emergence of digital financial assets. Discussions will cover monetary policy and financial systems, regulation, firms’ business and funding models, and taxation.
OECD CLIs continue to point to stable growth momentum in the OECD area
Reforming the public sector, long a priority for Thailand, involves several challenges. Among these, insufficient public participation in policy-making is undermining the efficient allocation of resources toward public needs and development goals.
Chile’s export growth has disappointed over the past two decades. In particular, exports of goods and services - in volume - have only grown at 1.1% annually over 2009-17 and at around 2.0% for non-copper products and services, compared to 4.2% in the average Latin American country.
Greece’s recovery from deep economic depression is finally gaining traction, according to the OECD. Economic growth has started to pick up led by a rise in exports while labour market reforms have improved competitiveness and are helping to create jobs.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Athens on Monday 30 April 2018 to present the 2018 OECD Economic Survey of Greece, alongside Mr. Alexis Tsipras, Prime Minister of Greece.
La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE.
The Nordics are rightly renowned for being inclusive societies with low inequality compared to other OECD countries. However, some of the largest inequality increases over the past few decades took place in Sweden, Finland and Denmark.
Markets and commentators are speculating that there may be a sustained pick-up in inflation in the United States, after years of subdued price pressures. Along with continued solid US jobs growth and low unemployment, there are tentative signs of higher wage growth and the fiscal stimulus will also boost short-term growth. Global growth is also getting stronger.
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.
New firm-level analysis undertaken in tandem with the OECD Economic Survey of Ireland 2018 finds that the majority of businesses in Ireland have actually experienced falling productivity since the mid-2000s.
Costa Rica has made impressive economic and social progress in recent years, with robust economic growth facilitating near-universal access to education, health care and pensions.
Current weak labour productivity growth in many OECD countries reflects historically weak contributions from both total factor productivity (TFP) growth and capital deepening.
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.
OECD CLIs point to stable growth momentum in the OECD area
This paper compares Finland’s benefit system with two benefit reform scenarios: a uniform benefit for all ("basic income") and a universal tapering rule ("universal credit").
Thailand has made remarkable socio-economic progress over the past several decades. Even so, rising prosperity has not been shared equally across the country. Today, Thailand strives to pursue a development path to benefit all, seeking to reinvigorate economic transformation and reduce multifaceted inequalities in the face of a rapidly ageing population and technological change.
OECD annual inflation stable at 2.2% in February 2018
What is the relevant perspective for evaluating people’s living standards in advanced countries? According to standard assessments of inequality it is fellow citizens within the country.
Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms.
The Tunisian economy is recovering, driven by good harvests and strong performance in the tourism sector, but further reforms are needed to ensure sustainable growth and higher living standards for all Tunisians, according to a new report from the OECD.
Declining inflation in many countries over the past few decades at the same time as rising global competition has led to a debate on the importance of globalisation for domestic inflation. This paper explores the implications of global value chain (GVC) integration and market contestability for inflation using a range of industry-level and micro-data sources.