Does the global output gap matter for inflation?

by Thomas Chalaux, Economist, Macroeconomic Analysis Division, OECD Economics Department There is a recurring controversy, as to the role of global demand pressures in driving domestic inflationary pressures, which matters because such an effect would undermine the control which domestic central banks have in achieving their inflation objectives. Economists from the Bank for International Settlements … More Does the global output gap matter for inflation?

Estonia’s digital future: how to go from e-government to e-business?

by Margit Molnar and Jon Pareliussen, Estonia Desk, Economics Department Estonia ranks already among the top countries in e-government. Citizens can do basically anything online except for a very few things like getting married or divorced and selling or buying real estate. The X-road, the secure communication protocol underlying e-government services, was built on the … More Estonia’s digital future: how to go from e-government to e-business?

Norway’s economy, ensuring continued good outcomes in wellbeing

by Philip Hemmings, Norway Desk, OECD Economics Department Norway’s economy is currently growing at annual rates well over 2%. Growth is expected to ease in the coming quarters, but remain sufficiently strong for increases in employment and wages. This good macroeconomic performance is helping sustain Norway’s living standards, which remain among the highest in the … More Norway’s economy, ensuring continued good outcomes in wellbeing

Structural reforms are key for a more prosperous and inclusive India

by Laurence Boone, OECD Chief Economist, Isabelle Joumard and Christine de la Maisonneuve, India Desk, OECD Economics Department Income has increased fast in recent years and millions of Indians have been lifted out of poverty. India has also become a key player in the global economy. The implementation of an ambitious set of reforms has … More Structural reforms are key for a more prosperous and inclusive India

Informality and weak competition – a deadly cocktail for growth and equity in emerging Latin America

By Piritta Sorsa, Jens Arnold and Paula Garda, OECD Economics Department Why is growth persistently low and so unevenly distributed in emerging Latin America compared to emerging Asia despite a huge potential? Potential growth is ranging around 2-3% in the region. Some refer to dependence on commodities, poor education, weak business environments or corruption as … More Informality and weak competition – a deadly cocktail for growth and equity in emerging Latin America

The G20’s Enhanced Structural Reform Agenda: Real progress but not good enough

by Tomasz Kozluk, Nicolas Ruiz, Agnes Cavaciuti, Dorothée Rouzet, Oliver Röhn, Lukas Lehner, and Colombe Ladreit de Lacharrière, Aida Caldera Sánchez and Asa Johansson The global economy is fragile. In the OECD’s November Economic Outlook global growth is projected to have slowed to 2.9% in 2019 and barely reach 3% in 2020. Persistent trade conflicts … More The G20’s Enhanced Structural Reform Agenda: Real progress but not good enough

América Latina: bajo crecimiento y rodeado de incertidumbre

Jens Arnold, Alberto Gonzalez-Pandiella, Nicolas Ruiz, Robert Grundke, Enes Sunel y Paula Garda, Departamento de Economía, Directorado de estudios de países, OCDE Las economías de América Latina enfrentan el desafío de no solo fortalecer su crecimiento económico, sino también mejorar su desempeño en términos de distribución de la riqueza y lucha contra la pobreza. Lamentablemente, … More América Latina: bajo crecimiento y rodeado de incertidumbre

Changer les politiques pour inverser la tendance

par Laurence Boone, Cheffe économiste de l’OCDE Ces deux dernières années, la croissance mondiale et les perspectives futures n’ont cessé de se détériorer, sur fond d’incertitudes persistantes sur la direction des politiques publiques et de faiblesse des flux d’échanges et d’investissement. Nous estimons la croissance du PIB mondial à 2.9 % cette année et autour … More Changer les politiques pour inverser la tendance

Cambios en las políticas para cambiar el rumbo

para Laurence Boone, Economista Jefe de la OCDE En los dos últimos años, los resultados y perspectivas del crecimiento mundial se han deteriorado constantemente, en medio de la persistente incertidumbre política y de la debilidad del comercio y la inversión. Estimamos que el crecimiento del PIB mundial ha sido del 2,9% este año y proyectamos … More Cambios en las políticas para cambiar el rumbo

Policy changes to turn the tide

by Laurence Boone, OECD Chief Economist For the past two years, global growth outcomes and prospects have steadily deteriorated, amidst persistent policy uncertainty and weak trade and investment flows. We now estimate global GDP growth to have been 2.9% this year and project it to remain around 3% for 2020-21, down from the 3.5% rate … More Policy changes to turn the tide