Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Ambitious reforms can create a growth path that is both strong and inclusive – OECD

“Determined and systemic action to implement a comprehensive reform agenda across a wide range of policy areas offers governments the best chance to boost weak demand, restore healthy economic growth, create jobs and ensure that the gains are broadly shared across society, according to the OECD’s latest Going for Growth report.  The report assesses and compares reform progress across countries since 2013 and identifies new priorities to revive growth and make it more inclusive. The OECD shows that the pace of policy reforms has slowed in most advanced economies, after a significant acceleration during the global economic crisis. Emerging economies, on the other hand, are quickening the pace of reform…The Going for Growth analysis forms the basis of the OECD’s wider contribution to the G20 Framework for Strong, Sustainable and Balanced Growth and to G20 National Growth Strategies. Recommendations in the report were instrumental in the development of these national growth strategies endorsed by G20 leaders at their Summit in Brisbane in November 2014. The strategies aim to raise the countries’ combined gross domestic product (GDP) by 2% over the coming five years. They can also help provide clearer guidance about the direction and sustainability of policy decisions, which is important to boost confidence.”

Sorry, comments are closed for this post.