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  • 26-October-2023

    English

    Further reforms needed in Australia to improve gender equality and meet climate ambitions

    Australia recovered from the COVID-19 pandemic faster than other major economies, but growth is now slowing amid tightening financial conditions. To bring inflation down, monetary policy will need to remain restrictive and further windfall government revenues from elevated commodity prices be saved, according to a new OECD report.

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  • 26-October-2023

    English

    Did COVID-19 accelerate the green transition? - An international assessment of fiscal spending measures to support low-carbon technologies

    Stimulus packages adopted following the COVID-19 pandemic – such as the US Inflation Reduction Act and NextGenerationEU - have been presented as an opportunity to 'build back better' and accelerate the transition to a low-carbon economy while re-igniting the economy. But this revival of industrial policy has also raised concerns about the potential for a global green subsidy war. OECD analysed funding measures worth USD 1.3 trillion announced around the world in 2020-21 to support development and diffusion of low-carbon technologies. These measures can trigger substantial greenhouse gas emissions reductions while boosting the growth of the clean tech sector in all regions and reducing dependence over fossil fuel imports. This policy brief summarises key findings from our analysis and offers additional recommendations to policymakers.

  • 25-October-2023

    English

    Spain should boost productivity and improve opportunities for young people

    Strong government support to businesses and households has helped Spain weather the effects of the COVID-19 pandemic, and of rising energy and food prices brought by Russia’s war of aggression against Ukraine. Policy should now focus on rebuilding fiscal space, raising productivity and reducing social disparities, including by creating more opportunities for young people.

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  • 25-October-2023

    English

    Innovative agro-food industries in the EU Outermost Regions

    This paper provides an overview of agro-food value chains in the EU Outermost Regions (EU ORs). It assesses emerging trends, discusses opportunities and challenges, reviews the policy frameworks and tools that can strengthen the beneficial participation of EU ORs in international agro-food value chains, and proposes priority actions. The paper is developed within the framework of the EU-OECD project on Global Outermost Regions.

  • 10-October-2023

    English

    OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors on the work of the Inclusive Forum on Carbon Mitigation Approaches (Morocco, October 2023)

    This report presents developments of the work of the Inclusive Forum on Carbon Mitigation Approaches (IFCMA) since its official launch in February 2023.

  • 7-October-2023

    English

    Production Transformation Policy Review - Spotlight on Guadeloupe's Internationalisation

    Located in the Caribbean Sea, Guadeloupe is a French Overseas Department and a European Outermost Region in search of a more sustainable economic development pathway. In support of that endeavour, this Production Transformation Policy Review (PTPR) Spotlight looks at the region's opportunities and challenges, identifying priority actions in several areas, including the bio- and circular economy, creative sectors and renewable energies. The Spotlight enriches our understanding of the diversity of development pathways, including those of Small Island Developing States (SIDS). It is the result of an extensive peer-review process involving public and private stakeholders from Colombia, Caribbean countries and other EU outermost regions.

  • 3-October-2023

    English

    Consumer Prices, OECD - Updated: 3 October 2023

    With a slowing decline in energy prices, OECD headline inflation rises to 6.4% in August 2023

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  • 3-October-2023

    English

    Recent shocks are an opportunity to undertake the structural policy reforms needed to improve medium and long term economic outcomes

    The after-effects of the COVID-19 pandemic and Russia’s illegal war of aggression against Ukraine continue reverberating worldwide, providing governments a unique opportunity to enact new policies for achieving sustainable growth and more competitive, innovative, and resilient economies, according to the OECD’s latest Going for Growth policy report.

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  • 27-September-2023

    English

    OECD Economic Surveys: Peru 2023

    Peru's solid macroeconomic framework has driven substantial economic growth and poverty reduction in the past two decades. While the economy swiftly rebounded from the pandemic due to strong policy support, it exposed structural weaknesses such as a large informal sector and stark regional disparities in accessing public services. More recently, growth has slowed, and inflation remains high but declining. Looking ahead, main challenges for boosting productivity and investment include strengthening competition, improving regulations, diversifying exports, and enhancing infrastructure. Improvements in governance and the rule of law are essential pillars for achieving sustainable long-term growth and social cohesion. Expanding access to quality education, reducing social contributions, particularly for low-income workers, and providing a same basic level of universal social protection for all workers, formal and informal alike, would help reducing widespread informality and inequities. This will require raising additional tax revenues and improving spending efficiency. Environmental challenges and risks loom large, but also provide significant opportunities for the future. To tackle environmental challenges Peru needs to curb deforestation, while capitalizing on its renewable energy potential to reduce reliance on fossil fuels. SPECIAL FEATURES: RAISING PRODUCTIVITY, EXPANDING SOCIAL PROTECTION, REDUCING LABOUR INFORMALITY
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