Four Challenges of Inclusive Growth from the OECD’s chief economist

by Catherine L. Mann, Chief Economist and Head of the Economics Department, OECD The challenge of measuring inclusiveness. A standard metric for measuring inequality is the Gini coefficient, which measures income distribution within an economy. But there are many other measures, such as distribution of income deciles, distribution of wealth, distributions of these by regions … More Four Challenges of Inclusive Growth from the OECD’s chief economist

Short-term momentum: Will it be sustained?

By Catherine L. Mann, OECD Chief Economist and Head of Economics Department Global growth is projected to increase to around 3.5% in 2017 and 3.7% in 2018 from 3% in 2016 in our latest Interim Economic Outlook. The forecast has slightly improved since the OECD June 2017 Economic Outlook, with the upturn becoming more synchronised … More Short-term momentum: Will it be sustained?

As Estonian exporters lead the way, policy needs to adapt

by Zuzana Smidova, Estonia Desk, OECD Economics Department International trade plays an important role in the Estonian economy (Figure 1). Around a half of the private sector employment is sustained by foreign demand, twice as much as the OECD average. By another measure, over 40% of the value added created in the economy is linked … More As Estonian exporters lead the way, policy needs to adapt

Slovakia…it’s time to invest in the future

by Gabriel Machlica, Slovak Republic Desk, OECD Economics Department The Slovak Republic continues to exhibit robust economic performance. International competitiveness is strong, fiscal and financial policies are prudent, poverty and income inequality are low, and the country’s environmental footprint has improved markedly. Employment is rising, prices have been stable, and the external account is near … More Slovakia…it’s time to invest in the future

Estonia: Using fiscal space for a more inclusive growth

By Pierre Beynet, Head of Division, OECD Economics Department Estonian growth is picking up again strongly in 2017 and the level of activity has finally surpassed its pre-crisis level, almost 10 years after the outset of the financial crisis (Figure 1, panel A). However, poverty remains among the highest in the OECD (Figure 1, Panel B). To … More Estonia: Using fiscal space for a more inclusive growth

Latvia: time to reboot inclusive productivity growth

by Andrés Fuentes Hutfilter and Naomitsu Yashiro, Latvia Desk, OECD Economics Department Latvia’s economy is growing strongly. Driven by the recovery of exports and investment as well as strong private consumption, real GDP growth is expected to strengthen from 2% in 2016 to around 4% this year and next. Exporters have gained market shares. More disbursement … More Latvia: time to reboot inclusive productivity growth

Continuing the reform process in France to improve job and income prospects

by Nicola Brandt and Pierre Guérin, France Desk, Country Studies Branch, OECD Economics Department Economic growth is strengthening in France, supported by consumption and investment, and the labour market is gradually recovering, as past reductions of comparatively high labour and business taxes are starting to take effect. However, GDP and employment growth are still lagging … More Continuing the reform process in France to improve job and income prospects

Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP

By Jennifer Ribarsky, Head of Sectoral and National Accounts, OECD Statistics Directorate A key indicator of households’ material conditions, or economic well-being, is per capita household income, after deducting taxes and social contributions and including social benefits. It provides a better gauge than gross domestic product (GDP) of the resources households have at their disposal … More Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP

Where should Slovakia look for workers?

by Gabriel Machlica, Slovak Republic Desk, OECD Economics Department Slovakia’s economy continues to perform extremely well. More and more people are able to find jobs. Employment and hours worked are already at the highest since independence. The unemployment rate has fallen below historical norms. Nevertheless, more qualified people are needed. Difficulty in hiring qualified labour … More Where should Slovakia look for workers?

Retraining can enable ageing Slovenians to keep pace with new technologies

by Rory O’Farrell, Slovenia Desk, OECD Economics Department While workers in many OECD countries are worried whether robots will take their jobs, the inhabitants of the Slovenian town of Kočevje are less concerned. In 2016 Japanese robotics firm, Yaskawa, announced plans to produce robots in Kočevje, which could create up to 200 jobs. This is … More Retraining can enable ageing Slovenians to keep pace with new technologies