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oecd and recovery - All News and Analysis
Asia Helps Feeble West in Global Recovery -OECD
By Brian LovePARIS (Reuters UK) - Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialised countries, the OECD said on Thursday.Central banks and governments in major Western economies should prepare...
Asia Helps Feeble West in Global Recovery: OECD
By Brian LovePARIS (Reuters) - Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday.Central banks and governments in major Western economies should prepare for...
Go Play: OECD's DIY Economic Forecasting Tool
British business leaders are worse at reading the economy going into a recession than consumers. But they pick up on recoveries much more quickly. That's my conclusion from playing with a fascinating interactive chart available at the OECD website. It plots consumer and business confidence against industrial...
OECD Says Economic Damage Is Lasting, So Stimulus Should Continue
Emerging-market economies are already in recovery, and the U.S. and Japan should soon follow, said the Organization for Economic Co-operation and Development OECD on June 25. But the next few years of recovery will be weak and fragile, and because the world's economic machinery has suffered severe damage that will...
Sweden's economic recovery and the theory of comparative institutional advantage
Think of a bumblebee. With its overly heavy body and little wings, supposedly it should not be able to fly--but it does.... This is how so-called analysts view the Swedish economy. We 'defy gravity.' We have high taxes and a large public sector, and yet, Sweden reaches new heights. We...
OECD urges structural reforms in the eurozone
BRUSSELS AFP — Eurozone countries must make more structural reforms to consolidate a nascent economic recovery in their area, the Organisation for Economic Cooperation and Development has recommended. In a survey on the 12 nations sharing the single European currency in 2006 -- Slovenia became the 13th member this week...
OECD urges Germany to press on with reforms to boost growth
BERLIN AFP — The OECD has urged Germany to press ahead with reforms, notably of its labour market and its education system, to help boost growth and spur consumer demand, traditionally the Achilles' heel of recovery in the eurozone's biggest economy. "The German appears to be in a position...
Eurozone not yet ready for rate rise, OECD warns
PARIS AFP — The eurozone economy should achieve growth of 2.2 percent this year, the OECD said before suggesting that the European Central Bank should delay any further rise in its interest rates. Eurozone activity was "gathering pace" on exports but the recovery had yet to feed through into...
Japan faces debt challenge as recovery picks up: OECD chief
TOKYO AFP — The outlook for Japan's economy is the brightest for a long time but the government now has a big challenge cutting its debt mountain without derailing the recovery, the OECD head says. "It's a much more optimistic picture, frankly, than I've seen for a long time,"...
Eurozone economy heads for 'moderate recovery': OECD
PARIS AFP — The OECD predicted that the eurozone economy is set to enjoy a "modest recovery" in coming years, lifting its growth forecasts for the 12-nation bloc to 1.4 percent this year and 2.1 percent next year. Despite the improved outlook for the 12 countries sharing the euro,...
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