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
By Catherine L. Mann, OECD Chief Economist and Head of Economics Department Global growth is projected to pick up to around 3½ per cent in 2018, from just under 3% in 2016 in our latest Interim Economic Outlook. The forecast modest recovery is supported by fiscal initiatives in major economies and broadly unchanged from the November … More Will risks and financial vulnerabilities derail the modest recovery?
by Patrice Ollivaud, Economist, OECD Economics Department, Pierre-Alain Pionnier, Head of Unit, OECD Statistics Directorate and Cyrille Schwellnus, Senior Economist, OECD Economics Department How was it possible not to see the Great Recession of 2008-09 coming? How could economic forecasters blindly ignore financial developments? These are typical questions asked by the media in the wake … More Forecasting GDP during and after the Great Recession