Where is China headed? Five key insights from the 2019 OECD Economic Survey of China

by Margit Molnar and Patrick Lenain, Country Studies Branch, OECD Economics Department A short-term slowdown? Although China’s economic growth has slowed, it is still very robust by international standards and contributes to worldwide economic expansion. Consumption is supported by steady employment growth and rising incomes. Households are spending increasingly on items such as e-commerce and … More Where is China headed? Five key insights from the 2019 OECD Economic Survey of China

Meeting Japan’s intertwined challenges of population ageing and high government debt

By Randall Jones and Haruki Seitani, Japan Desk, OECD Economics Department With faster growth in the past six years, Japan’s real GDP growth in per capita terms has converged toward the OECD average and job creation has been strong. However, labour productivity and per capita income are well below leading OECD economies (Figure 1), while … More Meeting Japan’s intertwined challenges of population ageing and high government debt

Boosting growth in France and making reforms beneficial to all

by Antoine Goujard and Pierre Guérin, France Desk, OECD Economics Department The French economy is slowing, but less than its neighbours. The French authorities have engaged a significant reform agenda that should be complemented with particular care for inequality issues. Income per capita growth has lagged the euro area average (Figure 1). The 2019 OECD … More Boosting growth in France and making reforms beneficial to all

Stimuler la croissance en France et s’assurer que les réformes profitent à tous

par Antoine Goujard et Pierre Guérin, Bureau de la France, Département Économique de l’OCDE L’économie française ralentit, mais moins que ses voisins. La France a lancé un programme de réformes significatif, auquel elle doit associer un soin particulier aux inégalités. En effet, le revenu par habitant a progressé moins vite que dans la moyenne de … More Stimuler la croissance en France et s’assurer que les réformes profitent à tous

Nine questions and answers on the 2019 Economic Survey of Italy

By Laurence Boone, Mauro Pisu and Tim Bulman, OECD Economics Department disponibilie anche in Italiano 1. Italy has been implementing the OECD’s recommendations for years, yet the economy has been weak. Should not Italy change approach? Italy has implemented some of the recommendations of past OECD Surveys and these have been bearing fruit. For example: … More Nine questions and answers on the 2019 Economic Survey of Italy

Nove domande e risposte sul Rapporto Economico sull’Italia 2019 dell’OCSE

By Laurence Boone, Mauro Pisu and Tim Bulman, OECD Economics Department Also available in English 1. L’Italia ha attuato le raccomandazioni dell’OCSE per anni, ma l’economia rimane debole. L’Italia, non dovrebbe cambiare approccio? L’Italia ha implementato alcune delle raccomandazioni dei passati Raporti dell’OCSE sull’Italia e queste hanno prodotto risultati. Per esempio: Precedenti Rapporti hanno raccomandato … More Nove domande e risposte sul Rapporto Economico sull’Italia 2019 dell’OCSE

Reviving Italy’s Growth

by Mauro Pisu and Tim Bulman, Italy Desk, OECD Economics Department In Curno, 50 km north east of Milan, is the headquarters of Brembo, the Italian company supplying brakes for Teslas and Ferraris as well as for mass market cars and motorcycles. Founded in 1961, its 255 employees generate over USD 3 billion of revenue … More Reviving Italy’s Growth

Sweden’s schools: lessons from history to build a better future

by Jon Pareliussen, Sweden Desk, OECD Economics Department Swedish schools entered the 1990s from a position of strength, as one of the top performers in early international school surveys, including the OECD Programme for International Student Assessment (PISA). School governance was centralised, and implemented locally by regional education boards. A suite of sweeping reforms in … More Sweden’s schools: lessons from history to build a better future

Argentina: Laying the foundations for strong and inclusive growth

by Jens Arnold and Robert Grundke, Argentina Desk, OECD Economics Department Over many decades, Argentina’s economy has been held back by weak policy settings and productivity growth has stalled amidst high volatility and recurrent crises. This explains why incomes have fallen behind those in Latin American and other countries over time (Figure 1). Following years of … More Argentina: Laying the foundations for strong and inclusive growth

Alan Krueger, a friend and a source of inspiration for the OECD

by Laurence Boone, OECD Chief Economist, Giuseppe Nicoletti, Head of Division and Cyrille Schwellnus, Senior Economist, OECD Economics Department A great economist, Alan Krueger, left us and the OECD Economics Department has lost a friend and a source of inspiration. Alan, a Princeton economist and former Chairman of the US Council of Economic Advisors, strongly … More Alan Krueger, a friend and a source of inspiration for the OECD