The euro area sovereign debt crisis has exposed important flaws in the design of the Economic and Monetary Union, especially when it comes to dealing with macroeconomic shocks.

Tentative signs of easing growth momentum in the OECD area

This study explores the impact of export shocks on firms and re-aggregates results to derive distributional effects on sectors and regions.

A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services.

Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting.

Business and government should work more closely together to reduce inequality and foster inclusive growth. To help achieve this, at the Paris Peace Forum, Gabriela Ramos, OECD Chief of Staff, G7/G20 Sherpa and leader of the OECD’s Inclusive Growth Initiative, and Emmanuel Faber, Chairman & CEO of Danone, launched the Business for Inclusive Growth (B4IG) Platform.

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Imports in Australia decreased to 31815 AUD Million in March from 32993 AUD Million in February of 2020. Imports in Australia averaged 12243.77 AUD Million from 1971 until 2020, reaching an all time high of 36144 AUD Million in October of 2019 and a record low of 393 AUD Million in May of 1972. Australia imports mainly machinery and transport equipment (40 percent of total imports), of which road vehicles account for 12 percent, industrial machinery for 6 percent, electrical machinery for 5 percent and telecommunications and sound recording for 5 percent.The country also imports: petroleum (11 percent); manufactured goods (12 percent); chemicals and related products (10 percent); and food and live animals (5 percent). Main import partners are China (23 percent of total imports), the US (11 percent), Japan (7 percent), South Korea, Thailand and Germany (5 percent each) and Malaysia (4 percent). This page provides the latest reported value for - Australia Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core consumer prices in Australia increased 1.80 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Australia averaged 3.59 percent from 1983 until 2020, reaching an all time high of 10.70 percent in the first quarter of 1983 and a record low of 1.50 percent in the fourth quarter of 2016. In Australia, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides - Australia Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Nos últimos anos, o crescimento econômico do Brasil teve o apoio de importantes investimentos e programas sociais do governo, que mobilizaram recursos em todo o país. Esses programas podem ajudar o Brasil a atingir seus objetivos de crescimento econômico sustentado e promover o desenvolvimento social, reduzindo as disparidades regionais.

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 Science, Technology and Industry Scoreboard 2013 country notes

“What is the city but the people?” asked Shakespeare in Coriolanus. All city planning focuses on people and the quality of life. The big cities in Brazil took shape from the 1950s, when the country’s population amounted to approximately 52 million inhabitants, only 36.2% of whom lived in cities.

Sustaining high agricultural growth is critical to Brazil's overall development given the importance of agriculture and agro-industries to the national economy and the resource potential that has yet to be exploited.

The recent droughts in Brazil’s Rio de Janeiro and São Paulo states have exposed the need to shift from crisis management to effective risk governance of the country’s water resources, according to a new OECD report.

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.

Brazil is steadily investing in the creation of rules and regulations to converge to governance standards already consolidated in developed countries. Complying with these international standards is indispensable if Brazilian companies intend to operate on a global scale.

This note describes the taxation of energy use in Brazil. It contains the country’s energy tax profiles, followed by country-specific information to complement the general discussion in Taxing Energy Use 2018 (OECD, 2018).

Brazil is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.

The OECD Working Group on Bribery reaffirms the importance of the independence of prosecutors and judges and is concerned that Brazil’s achievements in fighting corruption may be seriously jeopardised by recent legislative developments.

This country note explains how Brazil taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

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.

The OECD Working Group on Bribery urges Brazil, one of the founding Parties to the Anti-Bribery Convention since 1997, to preserve the full capacity and independence of law enforcement authorities to investigate and prosecute foreign bribery and corruption.

Openness is one of the key values that guide the OECD vision for a stronger, cleaner, fairer world. This is why the OECD welcomes the launch of the Open Government Partnership today and the efforts led by Presidents Obama and Rousseff to promote government transparency, fight corruption, empower citizens and maximise the potential of new technologies to strengthen accountability and foster participation in public affairs.

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD’s review of the Chicago Tri-State Metropolitan Region.

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

A return to growth is essential to leave the crisis behind. But the path to growth will be difficult for governments if they do not rebuild trust with their citizens.

The financial and economic crises have highlighted the need for change in the way our governments and systems operate. But the real question is what changes will deliver inclusive, open and responsible governance that can reduce inequality and promote economic growth.

Mexico’s river basins are under severe water stress. The quality of rivers, lakes and aquifers is declining and floods, droughts, and hurricanes are more frequent. These are some of the alerts signaled in OECD’s Making Water Reform Happen in Mexico.

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.

“Crowdsourcing” pools the strength of the many to perform complex tasks–everything from funding a film to sequencing DNA. At its heart is trust–not a blanket belief in great institutions, but rather the confidence between individuals that each will do the right thing. Its power is being increasingly felt today, even in the world of international development.

Russians are becoming increasingly active in the country’s social arena. While activists remain a small but growing and visible minority of citizens looking for changes in governance, many more are becoming involved in the day-to-day affairs of their communities. It remains to be seen whether this emerging culture of civic participation will sit comfortably with existing governance structures.

More than five years into an economic crisis which has taken on several names–from subprime crisis and financial crisis to great recession–no term accurately depicts the fundamental result of this economic turbulence: people facing hardship.

With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue.

Apparently, the United States enjoys a surplus of deficits. President Obama’s first State of the Union address warned that we are weakened and endangered not only by our financial deficit, but also by a deficit in trust.

Mexico regularly faces a wide range of natural hazards, including earthquakes, tropical storms and floods. Over the years, the National Civil Protection System has improved its institutional and operational preparedness to manage these disruptive events. But more can be done to avoid future losses and at the same time support sustainable economic development.

Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.

Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots.

This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks

Public trust is the cornerstone of effective governance, the main ingredient to promote economic growth and social progress. Like never before, our citizens have doubts about their government’s capacities to make the right decisions. Therefore, we need to take the necessary measures to recover that confidence, said OECD Secretary-General.

Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased further thanks to agglomeration effects.

This report assesses progress in the implementation of regulatory policy within the MENA region and highlights good practices from Bahrain, Egypt, Jordan, Lebanon, Mauritania, Morocco, the Palestinian Authority and Tunisia.

This Forum took stock of the key challenges and trends in regulating money in politics; identify emerging risks and opportunities; shape a common understanding of the policy options ahead and trade-offs in enhancing fairness, integrity and transparency in decision making including in the realm of political finance; and mobilise partners to work together and promote synergies in the future agenda.

The global economic crisis has undermined trust in government. Today only four out of ten citizens in OECD countries say they have confidence in their national authorities. Not surprisingly, trust declined in the countries hit hardest by the crisis, such as Ireland, Greece, Slovenia and Portugal.

The economic crisis has hit certain regions and cities harder than others in the OECD area, calling for better regional policies across levels of governments to foster an inclusive and sustainable recovery, according to two new OECD reports.

How can we earn back the trust of young people? Improving openness, transparency, accountability, and access to information is essential. On the occasion of the International Anti-Corruption Day and Transparency International’s 20th Anniversary, the OECD and Transparency International are inviting young people for a discussion about how to push the integrity agenda forward together.

This blog post on trust in governments is a compilation of presentations given at the OECD Workshop entitled "Joint Learning for an OECD Trust Strategy", held on 14 October 2013.

In 2008, a Gallup poll reported that, on average, less than half of the OECD population trusted their government. The crisis worsened the situation with a decline of four additional percentage points since then. Public actors and institutions have been blamed for their failure to cope with the crisis and for the impact it has had on people’s lives.

Japanese users of the Better Life Index (BLI) worry most about safety, Australians seek work-life balance, Latin Americans strive for better education, and Danes want to be happy – user feedback shows as the Index marks its third birthday.