Growth is taking a dangerous downward turn

by Laurence Boone, OECD Chief Economist For over 18 months, since the outbreak of trade hostilities, growth has been weakening, slowly but surely. In May 2018 the OECD, along with other organisations, was predicting global growth of around 4% for 2019, whereas our current forecasts are for growth of below 3%. In the first half … More Growth is taking a dangerous downward turn

La croissance s’amenuise dangereusement

Par Laurence Boone, Cheffe économiste de l’OCDE Depuis plus de 18 mois, depuis le début des hostilités commerciales, la croissance faiblit, lentement mais sûrement. Alors qu’en mai 2018, l’OCDE comme d’autres institutions prévoyait une croissance mondiale pour 2019 proche de 4%, aujourd’hui nous estimons qu’elle sera inférieure à 3%. L’investissement mondial augmentait au rythme de … More La croissance s’amenuise dangereusement

A rapid downturn is exposing Iceland’s structural weaknesses

by Hansjörg Blöchliger, Vassiliki Koutsogeorgopoulou , Iceland Desk, OECD Economics Department Over the years Iceland caught up rapidly with the richest OECD economies. Favourable external conditions and good macroeconomic policies helped foster strong growth, low unemployment, low inflation, and sustainable public finances. Iceland is also one of the most inclusive economies in the OECD thanks … More A rapid downturn is exposing Iceland’s structural weaknesses

Is age just a number? Meeting the economic challenges of a graying world

by Dorothée Rouzet, Aida Caldera Sánchez, Theodore Renault and Oliver Roehn, OECD Economics Department How fast is the world ageing? The world is experiencing a staggering rise in the number of old people and they will live longer than even before. By 2060, the share of people older than 65 will double globally, from 9 … More Is age just a number? Meeting the economic challenges of a graying world

Statistical Insights: The ADIMA database on Multinational Enterprises

by Graham Pilgrim, OECD Statistics and Data Directorate Multinational Enterprises (MNEs) have been at the forefront of changes in the global economy over the last few decades, as trade and investment barriers have been removed and transportation and communication costs have declined. In a world of global value chains, understanding MNEs – where they are, … More Statistical Insights: The ADIMA database on Multinational Enterprises

Housing-related policies matter for economic resilience

By Boris Cournède, Sahra Sakha and Volker Ziemann Policies that shape the housing market, such as rules concerning mortgage lending, homebuilding and rental regulation as well as taxation, can have a considerable impact on economic crisis risks and the capacity to recover from a crisis. The reason is that housing market developments strongly influence the … More Housing-related policies matter for economic resilience

Stronger productivity growth would put Malaysia on a path to become a high-income economy

By Hidekatsu Asada and Patrick Lenain, South-East Asia Desk, OECD Economics Department Malaysia is enjoying remarkable economic growth. Real GDP grew at an average rate of 6.1% per year over 1970 to 2018 period, and short-term prospects are for growth to reach almost 5% in 2019-20, despite a difficult international environment. Thanks to pragmatic policies, … More Stronger productivity growth would put Malaysia on a path to become a high-income economy

Offering better labour-market opportunities to all Malaysian women: a win-win strategy

by Marieke Vandeweyer, OECD Directorate for Employment, Labour and Social Affairs The Malaysian labour market is facing substantial skills imbalances, including shortages in a range of occupations and skills. To tackle these imbalances, the 2019 OECD Economic Survey of Malaysia features a special focus on skills development and on how better labour-market opportunities could be … More Offering better labour-market opportunities to all Malaysian women: a win-win strategy

Are there ways to protect economies against potential future housing busts?

by Boris Cournède, Maria Chiara Cavalleri, Volker Ziemann, OECD Housing, a large and volatile sector, is often at the centre of economic crises, as a trigger or amplifier. The current situation, which is characterised by house prices approaching or exceeding pre-crisis levels in many countries, raises questions as to whether these price levels may be … More Are there ways to protect economies against potential future housing busts?

Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde

par Laurence Boone, Cheffe économiste de l’OCDE  Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde La mondialisation, la transition numérique, le vieillissement démographique et la dégradation de l’environnement sont autant de mégatendances qui déterminent ce que seront, demain, les niveaux de vie et le bien-être. Or, en l’absence d’une reprise de … More Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde