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Austria: Strengthening domestic sources of growth would secure place as ‘Champions League’ economy

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.




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Reforms are essential for Brazil to build on recent success, says OECD

The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.




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OECD’s Gurría welcomes Italian government measures to strengthen public finances

OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.




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Economy: European recession slowing global economy, says OECD

The global economy has slowed, with key European countries entering a recession that is now impacting worldwide, the OECD said in its latest Interim Economic Assessment.Interim Economic Assessment




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Euro area labour costs converging, but imbalances persist

The euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999. Easy credit led to strong growth in a range of sectors, notably housing, as well as higher levels of public spending. Inflation in these over-heating economies was higher than the euro area as a whole. Rising prices led to rising costs and a loss of international competitiveness.




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The US labour market recovery following the great recession

Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe.




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Policy options to durably resolve euro area imbalances

A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price.




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How to get it right: government balances, growth and income inequality

Austerity programmes to restore order to public finances can add to the woes of already struggling economies, leading to more job losses and social hardship. But there are ways for governments to put their fiscal houses in order, while supporting growth and reducing income inequality at the same time.




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Transitions in and out of unemployment among young people in the Irish recession

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.




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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.




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The economic consequences of ageing: the case of Finland

Finland’s population is set to age rapidly in the coming decades. This will put pressure on public finances, while shrinking labour resources. Nonetheless, solutions exist to alleviate those pressures. Adjusting the pension age in line with the rise in life expectancy would reduce pension costs and increase older workers’ employment, provided it is accompanied by the removal of the pathways to early retirement.




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Do resources flow to patenting firms? Cross-country evidence from firm level data

This paper exploits longitudinal data on firm performance and patenting activity for 23 OECD countries over the period 2003-2010 to explore the extent to which changes in the patent stock are associated with flows of capital and labour to patenting firms.




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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.




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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.




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An exploration of the determinants of the subjective well-being of Americans during the Great Recession

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective well-being reflected in the OECD Better Life Framework impact subjective well-being.




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The internet economy – regulatory challenges and practices

Designing policies that protect society while allowing for Internet’s great economic potential to be fulfilled, is a difficult task. This paper investigates this challenge and takes stock of existing regulations in OECD and selected non-OECD countries in specific areas related to the digital economy.




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Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




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France must continue its reform process to boost growth and jobs

France has begun implementing a series of important pro-growth structural policy measures, but boosting medium-term growth will require more ambitious action to reform the labour market, curb high levels of public spending and taxation and create jobs, according to the latest OECD Economic Survey of France.




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Making the most of natural resources in Indonesia

In Indonesia, the pressure on the environment that natural resource exploitation is creating should be addressed by increasing the share of gas and renewables in the energy mix, properly defining property rights and regulations regarding forest land, and implementing a positive implicit carbon price. More resources should be devoted to combating widespread illegal mining and deforestation.




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Brazil faces critical moment to put economy back on track

Brazil has made remarkable social and economic progress in the past two decades, but must now overcome important challenges if it is to put its economy on a stronger, fairer, greener growth trajectory, according to two new reports from the OECD.




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Regulatory management practices in OECD countries

This paper provides analysis of the regulatory governance of network sector regulators in electricity, gas, telecommunications, rail, airport and ports within the OECD as it stood in 2013.




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Regulations in services sectors and their impact on downstream industries: the OECD 2013 REGIMPACT indicator

This document presents the new 2013 set of the OECD Regulatory Impact (REGIMPACT) indicator. It measures the impact of regulatory barriers to competition in non-manufacturing sectors on all industries, through intermediate inputs.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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Advance warning indicators of past severe GDP per capita recessions in Turkey

The global financial crisis and its high economic and social costs have revived academic and policy interest in “early warning indicators” of crises. This paper aims to investigate the performance of vulnerability indicators as advance warning indicators of past severe GDP per capita recessions in Turkey.




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The estimation of financial conditions indices for the major OECD countries

This paper seeks to provide up to date financial conditions indices for six countries, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the euro area, updating earlier results by the OECD.




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Consumer Prices, OECD - Updated: 6 December 2016

OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices




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Trends in productivity and sources of productivity growth in Slovenia

Slovenia’s living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level.




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Trends in productivity and sources of productivity growth in Slovenia

Slovenia’s living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level.




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Malaysia’s economic success story and challenges

Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy.




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Consumer Prices, OECD - Updated: 2 February 2017

Rising energy prices push OECD annual inflation to 1.8% in December 2016




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Strengthening economic resilience: What lessons to draw from the post-1970s record of severe recessions and financial crises

Major global crises such as the 2008-09 episode are mercifully rare, but severe recessions have been quite frequent among OECD countries over the past four decades.




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Portugal: Successful reforms have underpinned economic recovery

The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance.




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Pollution havens? Energy prices are not key drivers of offshoring

New evidence on the effect of energy prices on outward FDI can provide some reassurance in light of concerns about Pollution Havens.




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Consumer Prices, OECD - Updated: 7 March 2017

Sharp rise in energy prices pushes OECD annual inflation up to 2.3% in January 2017




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Efficient, Equitable and Enforceable: three "Es" for reforming India's tax system and better finance public services

Promoting inclusive growth in India requires improving social and physical infrastructure.




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Consumer Prices, OECD - Updated: 4 May 2017

OECD annual inflation slows to 2.3% in March 2017, driven by energy prices




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Consumer Prices, OECD - Updated: 6 June 2017

OECD annual inflation nudges up to 2.4% in April 2017




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Consumer Prices, OECD - Updated: 3 August 2017

OECD annual inflation slows to 1.9% in June 2017, driven by energy prices




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Consumer Prices, OECD - Updated: 5 September 2017

OECD annual inflation nudges up to 2.0% in July 2017




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Continuing the reform process in France to improve job and income prospects

Economic growth is strengthening in France, supported by consumption and investment, and the labour market is gradually recovering, as past reductions of comparatively high labour and business taxes are starting to take effect. However, GDP and employment growth are still lagging relative to the euro-area average.




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Consumer Prices, OECD - Updated: 3 October 2017

OECD annual inflation picks up to 2.2% in August 2017, driven by food and energy prices




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Consumer Prices, OECD - Updated: 7 November 2017

OECD annual inflation nudges up to 2.3% in September 2017




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Consumer Prices, OECD - Updated: 5 December 2017

OECD annual inflation down to 2.2% in October 2017, as energy price inflation slows




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Consumer Prices, OECD - Updated: 9 January 2018

OECD annual inflation picks up to 2.4% in November 2017




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Consumer Prices, OECD - Updated: 6 February 2018

OECD annual inflation slows to 2.3% in December 2017




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Norway’s economy: maintaining a successful business sector in a changing world

Norway’s success in maintaining high living standards, low inequality and good progress in gender balance owes much to its business sector.




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Consumer Prices, OECD - Updated: 6 March 2018

OECD annual inflation slows to 2.2% in January 2018




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Statistical Insights: New OECD-WTO data provides coherent and comprehensive view of Global Trade in Services

Services comprise a growing share of international trade. Yet detailed statistics on which countries trade which services with which partners remain patchy.




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Consumer Prices, OECD - Updated: 5 April 2018

OECD annual inflation stable at 2.2% in February 2018