OECD Economic Surveys: Latvia 2019
OECD Economic Surveys: Latvia 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-06-18

Total Pages: 114

ISBN-13: 9264868933

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Latvia enjoys strong economic growth and the catch up with living standards in higher income OECD countries continues. Much remains to be done, though, to close the remaining gap and improve equal access to social protection and economic opportunities. Latvia faces one of the fastest declines in its working age population among OECD countries due to ageing and migration. Strong productivity growth is needed to counter this demographic challenge and improve living standards faster.

OECD Economic Surveys: India 2019
OECD Economic Surveys: India 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-12-24

Total Pages: 146

ISBN-13: 9264823514

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India has been a growth champion in recent years and has succeeded in taming inflation, the current account deficit and non-performing loans. India's participation in the global economy has risen, with outstanding performances in some services, while the largest diaspora in the world is an asset in developing new markets. India has also lifted many millions of people out of poverty and has made access to housing for all a priority. Ambitious structural reforms -- including better targeted household support, financial inclusion initiatives, the implementation of the Goods and Services Tax, the Insolvency and Bankruptcy Code, the new approach to federalism and the corporate income tax reform -- have played a key role.

OECD Economic Surveys: Switzerland 2019
OECD Economic Surveys: Switzerland 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-11-04

Total Pages: 128

ISBN-13: 9264748075

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Swiss citizens continue to enjoy high living standards on a range of dimensions. Economic growth has slowed but the healthy labour market is still supporting incomes and consumption. However, risks to the outlook are building. Monetary policy has been very accommodative but low interest rates are adding to financial risks. Fiscal policy is sound and debt low. There is scope to make greater use of available fiscal space. Adapting to population ageing is becoming pressing. This trend, along with digital transformation, will bring new opportunities for the economy and society, but challenges as well. Policies have not kept up with rising life expectancy, particularly the statutory retirement age. Updating the pension system and lowering barriers to working longer would ensure that workers continue to receive adequate incomes during retirement.

OECD Economic Surveys: New Zealand 2019
OECD Economic Surveys: New Zealand 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-06-25

Total Pages: 195

ISBN-13: 9264883894

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Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.

OECD Economic Surveys: Norway 2019
OECD Economic Surveys: Norway 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-12-09

Total Pages: 118

ISBN-13: 9264928979

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Wellbeing in Norway is high; GDP per capita is among the top-ranking countries and the country scores well in measures of inclusiveness. Several challenges must be addressed, however, if this good standing is to be sustained. The economy is vulnerable to trade risks. Also, though property markets and related credit appear to be heading for a soft landing, risks remain. Norway has substantial opportunities for more effective public spending remain, and exploiting these will become more important as fiscal space narrows. Productivity growth remains low, requiring attention to business policy.

OECD Economic Surveys: Estonia 2019
OECD Economic Surveys: Estonia 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-12-17

Total Pages: 119

ISBN-13: 9264531718

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Estonia’s economy continues to perform well, and growing incomes support well-being. However, the expansion has peaked, and growth is set to soften due to weak international demand. Prudent fiscal policy has resulted in low debt, but spending pressures related to meeting infrastructure needs and ageing are mounting. Old age poverty is high and the proposal to allow early withdrawal of pension funds threatens macroeconomic stability and pension adequacy. The gender wage gap is among the highest in the OECD, and inequalities in income and health are considerable, reflecting gaps in the social safety net. The oil-shale sector is highly energy-intensive and is the main culprit behind Estonia’s high greenhouse gas emissions, but reducing dependence on the sector is challenging, as it is an important employer and meets 70% of Estonia’s energy needs.

OECD Economic Outlook, Volume 2019 Issue 1
OECD Economic Outlook, Volume 2019 Issue 1

Author: OECD

Publisher: OECD Publishing

Published: 2019-05-21

Total Pages: 230

ISBN-13: 9264319476

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This issue includes a general assessment, a special chapter on the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country.

OECD Economic Surveys: South Africa 2020
OECD Economic Surveys: South Africa 2020

Author: OECD

Publisher: OECD Publishing

Published: 2020-07-31

Total Pages: 152

ISBN-13: 9264172688

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The COVID-19 outbreak is worsening an already fragile economic outlook. Since 2013, growth has been modest and unemployment has been rising. Policy uncertainty has been the main driver of low confidence and subdued investment. Following a sharp fiscal deterioration in recent years, the crisis also heightened debt sustainability challenges.

OECD Economic Surveys: Spain 2021
OECD Economic Surveys: Spain 2021

Author: OECD

Publisher: OECD Publishing

Published: 2021-05-27

Total Pages: 124

ISBN-13: 9264555803

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The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities.