growth

The People's Republic of China - Avoiding the middle-income trap: Policies for sustained and inclusive 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.




growth

Irish recovery underway, but more inclusive growth and job creation needed, says OECD

Ireland’s economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.




growth

Innovation, diversification and better logistics key to sustainable and inclusive growth, says latest Latin American Economic Outlook

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.




growth

Chile should continue strengthening growth and well-being, says OECD

Sound macroeconomic policies and the commodity boom have helped Chile record an enviable period of economic growth and job creation. Further reforms are needed to make the labour market more inclusive and growth greener, while more could be done to support innovation and entrepreneurship, according to the latest OECD Economic Survey of Chile.




growth

France : Reinforcing competitiveness is key to boosting jobs and growth

Improving France’s competitiveness is essential to boost the economic growth needed to create jobs and allow citizens and businesses to develop their full potential, according to a new OECD report.




growth

From bricks to brains: increasing the contribution of knowledge-based capital to growth in Ireland

With sound framework conditions, fine universities, good infrastructure and policies friendly towards foreign direct investment, Ireland scores high in international innovation scoreboards. Overall, policies to boost innovation and entrepreneurship are on the right track, but investment in knowledge-based capital could be made a more dynamic source of growth and jobs.




growth

Green growth challenges and the need for an energy reform in Mexico

As Mexico seeks to boost economic growth, pressures on its natural resources and environmental outcomes may intensify, jeopardizing the sustainability of that growth and the well-being of the population.




growth

Environmental policies and productivity growth - a critical review of empirical findings

This paper reviews the empirical evidence on the link between environmental policy stringency and productivity growth, and the various channels through which such effects can take place.




growth

Global spillovers from the growth slowdown in emerging market economies

A slowdown in EMEs has larger effects on the global economy than in the past, via trade and financial cross-border linkages.




growth

Growth-promoting policies and macroeconomic stability

This paper looks at a vast array of policy recommendations by the OECD that promote long-term growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off.




growth

Growth Policies and Macroeconomic Stability

Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks.




growth

The Euro Area at a Crossroads: Policies for Growth, Jobs and Competitiveness

After five years of work at every level to correct the fiscal, financial and external imbalances that led to the crisis, and to reinforce fiscal and financial institutions, the Euro Area is beginning to show signs of recovery. But, despite these positive signs, growth is still weak and uneven.




growth

Germany - Keeping the edge: Competitiveness for inclusive growth

Despite the harsh external economic environment, Germany has managed to reduce unemployment significantly while buttressing the long-term sustainability of its public finances. Drawing on the expertise and experience of OECD member countries, this report sets out key policy priorities to boost productivity growth and social inclusion.




growth

Ambitious structural reforms can pave the return to strong and sustainable growth, OECD says

Adopting ambitious and comprehensive structural reform agendas will offer governments the best chance for a return to strong, sustainable and balanced economic growth that creates jobs and reduces inequality, according to the OECD’s latest Going for Growth report




growth

Norway’s success in generating inclusive growth can ensure future prosperity, OECD says

The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.




growth

China: Structural reforms for inclusive growth

In spite of a slow and uneven global recovery over the past five years, China has maintained strong growth and continued to tackle income inequality, which had been rising, as well as poverty. Drawing on the expertise and collective experience of OECD member and partner countries, this Report presents recent OECD analysis and policy advice in areas that are critical to China’s long-term economic performance and social development.




growth

Short-term indicator models for quarterly GDP growth in the BRIICS: a small-scale bridge model approach

This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries.




growth

Japan: Advancing the third arrow for a resilient economy and inclusive growth

After two decades of low growth and persistent deflation, Japan is showing signs of renewed economic dynamism. But to regain its primacy as a leading economic powerhouse and raise the well-being of its citizens, Japan needs a structural reform package to narrow the productivity gap with leading OECD countries, notably by increasing the labour participation of women and older citizens.




growth

Would a growth slowdown in emerging markets spill over to high-income countries? A quantitative assessment

Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten.




growth

Economic growth from the household perspective: GDP and income distribution developments across OECD countries

This paper provides an assessment of how households’ income has fared compared with GDP. While the prime focus is on incomes around the median, attention is paid also to the bottom of the income distribution.




growth

Netherlands: Make economic, innovation and territorial reforms work together to boost growth and competitiveness, says OECD

The Netherlands is gradually emerging from a double-dip recession with strengthened public finances and reforms on track to improve the labour and housing markets and the health care and pension systems. These reforms are paying off, says the OECD. Growth is expected to reach 1% this year and 1.3% in 2015.




growth

Growth and inequality: A close relationship?

Inequality has risen in the OECD area. Could policies aimed solely at growth be responsible? Can inequality undermine economic growth? New evidence suggests there is a possibility.




growth

Make growth socially inclusive for improved well-being and stronger economies – OECD report

Inequality – now at its highest level in decades in many countries – undermines economic growth and well-being, says a new OECD report. But policies to tackle the widening gap between rich and poor will only succeed if they also look beyond income and address better access to high-quality education, health care and public infrastructure, it adds.




growth

Germany should enact economic and social reforms to make its growth path more inclusive and sustainable, OECD says

Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany.




growth

Canada: Sustain inclusive growth by reducing housing market risks and overcoming specific skills shortages, says OECD

Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.




growth

Consequences of climate change damages for economic growth – a dynamic quantitative assessment

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.




growth

Consequences of climate change damages for economic growth – a dynamic quantitative assessment

This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range.




growth

Global growth to slow as wage inequality rises over coming decades, says OECD

A slowdown in global economic growth and a continuing rise in income inequality are projected for the coming decades, according to a new OECD study which looks beyond the crisis at what the world could look like by 2060.




growth

Portugal: Deepening structural reform to support growth and competitiveness

Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.




growth

Turkey: Macroeconomic stability and structural reform key to strong and inclusive growth, OECD says

Turkey’s economy will grow stronger in the coming years, but remains overly dependent on domestic consumption funded by foreign finance, according to the latest OECD Economic Survey of Turkey.




growth

Fostering a creative economy to drive Korean growth

A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level.




growth

Spain is on the road to recovery, but challenges remain to ensure sustainable, inclusive growth, says OECD

Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.




growth

Global growth continuing at a moderate pace, OECD says

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.




growth

Fostering inclusive growth in Turkey by promoting structural change in the business sector

Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less formal and low-productivity entities.




growth

OECD and National Bureau of Economic Research Conference on Productivity Growth and Innovation in the Long Run. 25-26 September, Paris.

Increasing productivity is critical to achieving strong, sustainable and inclusive growth and well-being. Technological change and innovation are the key drivers of increased productivity, along with better skills and organisational change.




growth

Joint OECD-NBER Conference on Productivity Growth and Innovation in the Long Run

Despite large and growing investments in knowledge and innovation, productivity growth in many countries has slowed in recent years. At the same time, the urgent need for more rapid innovation (including its uptake and diffusion) in several key areas, such as in environment. This joint OECD-NBER workshop on 25-26 September 2014 will bring together academic experts to consider these challenges.




growth

The OECD encourages the French government to pursue the ongoing structural reforms to boost growth

Full implementation of the structural reforms adopted and announced in France would boost potential annual economic growth by one third, or 0.4 percentage points per year over ten years, according to the OECD.




growth

Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre

While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.




growth

Strengthening Global Growth: The G20 Brisbane Summit’s Challenges and Contributions

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.




growth

Raising global growth: Why the G20 is “going structural”

G20 countries are taking action to lift growth in the world economy. Will their commitments be enough?




growth

The global economy: strengthening growth and job creation - Statement at G20 Leader's Summit

Statement made by the Secretary-General during session 1 of the Leader's Summit in Brisbane.




growth

G20: OECD to help monitor growth and gender commitments

Leaders of the G20 countries meeting at their Summit in Brisbane, Australia, have called on the OECD and IMF to monitor their commitment to boost economic growth and create jobs.




growth

Reforms poised to put India on a strong, sustainable and inclusive growth path, OECD says

The Indian economy is showing signs of a turnaround, but new reforms are needed to put the country on a path to strong, sustainable and inclusive growth, according to the latest OECD Economic Survey of India.




growth

Better harnessing talent and knowledge to boost sustainable medium-term growth in Spain

Structural transformation towards a more knowledge-based economy will strengthen Spain’s medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business environment.




growth

Stronger policy response needed to avoid risks to growth, especially in the euro area, says OECD in latest Economic Outlook

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output,should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the OECD’s latest Economic Outlook.




growth

Making economic growth more socially inclusive in Germany

While past labour market reforms have been successful in terms of employment, the relative poverty risk and income inequality have remained broadly unchanged in recent years.




growth

Policy Brief: Green growth - Environmental policies and productivity can work together

As environmental pressures continue to rise, governments throughout the OECD area have not been sitting back. If anything, the stringency of their policy measures has been increasing on the whole, not least to combat pollution and climate change. And as the evidence shows, stringent environmental policies can be introduced without hurting overall productivity.




growth

Can pro-growth policies lift all boats? An analysis based on household disposable income

In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution.




growth

Mexico has a unique opportunity to boost growth and share prosperity more widely, according to the OECD

Mexico now has the chance to dramatically boost growth rates and resume convergence of its living standards towards those of advanced economies, reduce pervasive labour market informality and drive down high rates of poverty and income inequality.




growth

Green Growth Knowledge Platform (GGKP) 2015 Annual Conference

Third Annual Conference on the theme of "Fiscal Policies and the Green Economy Transition: Generating Knowledge – Creating Impact" held at the University of Venice from 29 through 30 January 2015. The press release is available.