Switzerland’s productivity puzzle: Being a leader and an underperformer

by Patrice Ollivaud, Economist, Switzerland Desk, OECD Economics Department Switzerland is among the leaders in many global rankings including on R&D, innovation, infrastructure, universities and competitiveness. It is well integrated in global value chains, specialised in some high-value-added activities and home of many large multinationals. These factors should contribute to high, and rising, labour productivity. … More Switzerland’s productivity puzzle: Being a leader and an underperformer

Statistical Insights: Merchandise trade statistics without asymmetries

by Fabienne Fortanier, Head of Trade Statistics Section, OECD Statistics Directorate To properly understand global trade patterns we need high quality, consistent and harmonised statistics on international merchandise trade. Currently available statistics, however, fall short of this standard. In theory the exports of country A to country B should mirror the imports of country B … More Statistical Insights: Merchandise trade statistics without asymmetries

Norway’s economy, a need to ensure policies can cope with upcoming challenges

By Philip Hemmings, OECD Economics Department In its latest Economic Survey for Norway , the OECD underscores the importance of policy facilitating transition away from oil-related activities and helping businesses seize opportunities from digitalisation and globalisation, through providing i) macroeconomic and financial stability, and ii) improvements to structural-policy settings. It also recommends making public expenditure … More Norway’s economy, a need to ensure policies can cope with upcoming challenges

High household debt: a challenge for medium-term growth?

By Filippo Gori and Théodore Renault, OECD Economics Department The global economy is now growing in sync at his fastest pace in years, but financial vulnerabilities create challenges for medium-term growth. Private indebtedness, including of households, remains a source of concern, as set out in the special chapter of our latest Economic Outlook on “Resilience … More High household debt: a challenge for medium-term growth?

Zombie firms and weak productivity: what role for policy?

by Dan Andrews, Müge Adalet McGowan and Valentine Millot, Productivity Workstream, OECD Economics Department Weak productivity growth is a major problem afflicting our societies. It curbs growth in incomes and endangers the sustainability of our social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms … More Zombie firms and weak productivity: what role for policy?

Getting the most out of Fintech in Estonia

By Caroline Klein, Estonia Desk, OECD Economics Department and Olena Havrylchyk, Professor of Economics at the University of Paris 1 Panthéon Sorbonne Pioneers of the Estonian Fintech need a fair level playing field. Estonia, at the forefront of alternative finance should seize the moment to set framework conditions right. Estonia is a frontrunner in alternative … More Getting the most out of Fintech in Estonia

Brighter futures or dashed expectations? The global recovery needs to deliver gains for all

By Lukas Lehner and Dorothée Rouzet, OECD Economics Department Global growth has gained momentum in 2017 and the economic recovery is moving forward, as shown in our latest Economic Outlook. Labour productivity is improving from its decade-long sluggishness. Yet, expected productivity gains still lag far behind pre-crisis norms, and will not be sufficient to set … More Brighter futures or dashed expectations? The global recovery needs to deliver gains for all

Investment, an engine of global growth that has yet to fire up

By Théodore Renault and Dorothée Rouzet, OECD Economics Department Global growth has strengthened, but policymakers face the challenge of lifting their economies’ long-term potential to ensure it remains robust and more inclusive. Private sector investment has slowed substantially in the past decade. Even though they have started to recover in most advanced economies, net investment … More Investment, an engine of global growth that has yet to fire up

The Policy Challenge: Catalyse the private sector for stronger and more inclusive growth

by By Catherine L. Mann,  OECD Chief Economist and Head of the Economics Department, Global economic growth is strengthening, with incoming data surprising on the upside. We project global GDP growth to be between 3 ½ and 3 ¾ per cent through the projection horizon, closer to long-run averages. Will this synchronised momentum finally propel the … More The Policy Challenge: Catalyse the private sector for stronger and more inclusive growth

Should we worry about high household and corporate debt?

By Catherine L. Mann,  OECD Chief Economist and Head of the Economics Department, and Filippo Gori, Economist, Macroeconomic Policy Division, OECD Economics Department Household and corporate debt in many advanced and emerging market economies is high in the wake of the financial crisis and following a decade of low global interest rates.  Should we be … More Should we worry about high household and corporate debt?