Economic Policy Reforms 2016

Going for Growth Interim Report

image of Economic Policy Reforms 2016

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 selected non-OECD countries (Brazil, China, Colombia, India, Indonesia, Latvia, Russian Federation 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 2017.

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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Executive summary

Global growth prospects remain clouded in the near term, with emerging-market economies losing steam, world trade slowing down and the recovery in advanced economies being dragged down by persistently weak investment. These near-term concerns arise against the background of a widespread deceleration of productivity gains, with the downward trend going back to early 2000s – at least in advanced economies – and with little signs of revival. The growth slowdown observed among emerging-market economies over the past couple of years also raises questions about their capacity to further closing the income gap vis-à-vis most advanced countries. The case for structural reforms, combined with supporting demand policies, remains strong to sustainably lift productivity and the job creation that will promote improvements in equity.

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