The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

This report presents an update of OECD policy advice in areas that are critical to China’s long-term economic performance and social development. They include food security, social safety nets, health reform, green growth, climate change and urbanisation.

China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon.

The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

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.

Using fiscal levers to escape the low-growth trap

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.

The mixed growth performance of emerging market economies has revived angst about a "middle-income trap".

In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics.

Governments should rethink city housing, transport and other urban systems to ensure that fast-growing cities do not become inequality traps, according to a new OECD report showing that a majority of cities have higher levels of inequality than the national average.

Using fiscal levers to escape the low-growth trap

For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.

Under lockdown, vulnerable families are imprisoned in a cage of terror, stress and abuse

Traditionally dominated by big players like Adobe and Autodesk, the world of design has been flush with a newer wave of startups that are creating collaboration spaces and new cloud-based tools designed to address the needs of creatives. Today, two of those players are combining. Dribbble, an online community for designers that lets them post […]

The rich will benefit if we create sustainable demand with less household borrowing

Laverne Cox made a bold entrance in a bright strapless yellow gown with purple hair at the Rosen Shingle Creek Hotel in Florida on Sunday.

WARNING GRAPHIC CONTENT:The animal was found yesterday by a gamekeeper in Scotland. The images were posted on Facebook by the Grampian Moorland Group.

The former Made In Chelsea star, 30, shared more images from her outdoor relaxing session on Instagram on Tuesday.

EDEN CONFIDENTIAL I can disclose that the couple's local postie was plunged into a sinkhole while doing his rounds in a van on the Bagshot Park estate where they live in Surrey.:

'The interrogation of Michael Flynn was not an inquiry. Make no mistake, it was a trap,' White House Press Secretary Kayleigh McEnany said in a long speech at the top of her press briefing Friday.

Lizzo strutted out the charm and charisma as she flaunted her curves in spaghetti-strap leotard ensemble for iHeartRadio Jingle Ball Tour in Tampa on Sunday.

Twelve oceanfront houses were swept away and officials said there was damage to 80 per cent of the remaining homes on Fire Island, off the south shore of Long Island.

The actress turned singer, 27, was in high spirits as she posed with a group of pals before heading inside the venue for an evening of partying.

It is high summer in the southern Italian region of Puglia. Away from the charming coastal towns that lure 1.7 million tourists a year to the heel of Italy, the tomato harvest is about to begin.

WARNING GRAPHIC CONTENT Jenny was walking through the Beelu National Park, around 40km east of Perth on Monday when she saw something lying inside a cage.

A fluffy Bangkeaw puppy went missing soon after it was born in Yasothon, north eastern Thailand. It was rescued by teenage boys after burrowing three feet into the ground.

A woman had to be rescued after she got her fingers caught in the door of a brand new Elizabeth Line train in east London. The passenger was forced to stay on board the train for three stops.

Thousands of commuters were left angry and stranded amid chaotic scenes in London this morning, as travellers complained of being trapped in Victoria station.

She's the Bali-based designer and Instagram star who rose to fame as one of the contestants on The Bachelor Australia.

The couple looked stronger than ever as they stepped out together for the Pride of Britain Awards at the Grosvenor House hotel in London on Monday evening.

The former TOWIE star, 34, caught the eye in a dazzling ice blue mullet dress at the Pride of Britain Awards at the Grosvenor House hotel in London on Monday evening.

Celebrities gathered for the 17th annual Hollywood Film Awards at the Beverly Hilton hotel in Beverly Hills and Olivia Munn managed the almost impossible feat of standing out from the crowd

Jennifer Connelly flashed her trim pins in a thigh-skimming, all-black look as she made her way through New York for a Fashion Week event on Sunday.

The 31-year-old was pure Hollywood glamour in a gorgeous soft pink strapless gown at the elite event and it was the perfect choice to adequate display her stunning jewels

Speaking to Vas J Morgan for the I AM ENOUGH chat on Monday, The TOWIE star revealed how she initially struggled with understanding her feelings as a teenager and why she felt 'trapped'

The thigh-skimming monochrome number was gathered at the hip with a long panel falling to mid-calf on one side.

She was joined at the Los Angeles premiere of her Netflix film by Laura Dern, Greta Gerwig, Florence Puch, Zach Braff, Blanca Blanco and Noah Baumbach, who wrote and directed the movie.

The 34-year-old was all class in a black strapless gown for her red carpet turn at the event, at which her show won the award for Outstanding Performance by an Ensemble.

Lyubov Ahuja has spent the past year-and-a-half in Wuhan studying a Bachelor of Medicine and Bachelor of Surgery at the Tongji Medical College.

Cardiff City said 'people need to be held to account' on Friday night after it emerged that a scandalous series of errors led to the death of record signing Emiliano Sala in an air crash in January last year.

Rosie Huntington-Whiteley and Jason Statham stepped out to attend the Vanity Fair post-Oscars party on Sunday evening.

Trenton Thurber had been trying to make it home to Tucson via JFK from Sheremetyevo International Airport on March 30 when his flight was canceled. 'There's no way to get out', he said.

The model, 22, cut an elegant figure in a black sequin gown and satin evening gloves as she headed to Vanity Fair's Oscars bash on Sunday without her boyfriend, Leonardo DiCaprio, 45.

The Kardashian/Jenner Christmas Eve bash took place at Kourtney Kardashian's house. And for the annual bash, Kendall Jenner brought her fashion A game in a strapless form-fitting dress.

She's the Bali-based designer and Instagram star who rose to fame as one of the contestants on The Bachelor Australia.

Once inside the party, the 33-year-old Oscar nominee reunited with her former Begin Again castmate James Corden

She has a leading role in upcoming drama, Misbehaviour.  And ahead of kicking off the promotional trail for her new film, Keira Knightley was seen enjoying some downtime in London.

The Little Mix star, 27, embraced her naturally curly locks as she spent time indoors during the global pandemic, and shared two sultry snaps to Instagram on Thursday.

Two years into his inexplicable illness, which rendered his body and mind useless, Martin Pistorius, of South Africa, says he began to wake up - only no one knew that.

Martin Pistorius, who grew up in South Africa and now lives in England, was just 12 when he slipped into an inexplicable comatose state and spent the next dozen years trapped inside his body.