Structural reforms to revive growth in Europe: necessary but not sufficient

By Aida Caldera Sánchez, European Union Desk, and Nicolas Ruiz, Structural Surveillance Division, OECD Economics Department After many years characterised by output losses or quasi-stagnation, steadier growth appears to be setting in across European economies. Recent data point to an upturn in growth, the euro-area unemployment rate has finally fallen below 10%, and private-sector confidence … More Structural reforms to revive growth in Europe: necessary but not sufficient

Labour mobility in the European Union: a need for more recognition of foreign qualifications

by Jan Stráský, Economist, OECD Economics Department Labour market mobility in the European Union is increasing (Figure 1), but it remains too low to provide sufficient adjustment in the face of diverging labour market developments. This situation reflects non-policy factors, such as linguistic and cultural differences, but also policy barriers. In particular, difficulties in the … More Labour mobility in the European Union: a need for more recognition of foreign qualifications

Global growth warning: weak trade, financial distortions

By Catherine L. Mann, OECD Chief Economist The global economy remains in a low-growth trap. In our latest Interim Economic Outlook global GDP growth is set to remain flat around 3% in 2016 and improve modestly to 3.2% in 2017. This is slightly lower than the June Economic Outlook forecast due to weaker conditions in advanced economies, … More Global growth warning: weak trade, financial distortions

Fiscal policy in the euro area: in the current juncture, don’t apply sanctions

  By Alvaro Pina, Head of European Union and Euro Area Desk, Country Studies Branch, OECD Economics Department Tomorrow the European Commission will assess again the fiscal situation of Portugal and Spain, and decide whether to recommend to the Council that the Excessive Deficit Procedure be stepped up for those countries, exposing them to various … More Fiscal policy in the euro area: in the current juncture, don’t apply sanctions

The UK’s heart is wobbling but there are good reasons to Remain in the Union

By Rafal Kierzenkowski and Nigel Pain, OECD Economics Department Membership of the European Union contributes to the economic prosperity of the United Kingdom. Real GDP per capita has doubled since the United Kingdom joined the European Union in 1973, to almost 40.000 pounds now. The United Kingdom has outperformed other English-speaking countries that are not … More The UK’s heart is wobbling but there are good reasons to Remain in the Union