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Economic Policy Reforms 2014

Going for Growth Interim Report

image of Economic Policy Reforms 2014

Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and major non-OECD countries (Brazil, China, India, Indonesia, Russia and South Africa). Policy priorities are updated every two years and presented in a full report, which includes individual country notes with detailed policy recommendations to address the priorities. The next full report will be published in 2015.

This interim report takes stock of the actions taken by governments over the past two years in the policy areas identified as priorities for growth. This stocktaking is supported by internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas.

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Editorial: Avoiding the low-growth trap

The widespread deceleration in productivity since the crisis could presage the beginning of a new low-growth era. The global economy’s momentum remains sluggish, heightening concerns that there has been a structural downshift in growth rates compared with pre-crisis levels. These concerns, already prevalent among advanced OECD countries for some time, now encompass emerging-market economies and are fuelled also by high unemployment and falling labour force participation in many countries.

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