Sustaining growth to benefit all in Spain

By David Law, Spain desk, OECD Economics Department Spain continues to recover from the economic crisis with strong growth and falling unemployment, as highlighted in the latest OECD Economic Survey of Spain (OECD, 2018). If the recovery is to be sustained, it is vital that the benefits of economic growth are shared as high rates … More Sustaining growth to benefit all in Spain

Reducing regional disparities for inclusive growth

By Müge Adalet McGowan, Spain desk, OECD Economics Department Ensuring the benefits of growth are spread widely requires a strong focus on greater convergence of regions in terms of income and well-being. The GDP per capita in the best performing region was around double that in the worst performing region in 2016. Income inequality and … More Reducing regional disparities for inclusive growth

Positive economic outlook for the main economies in Latin America but downward risks have intensified

Alvaro S. Pereira (Director) and Latin American desks, Economics Department, Country Studies Branch, OECD The global economy is navigating rough seas. Global GDP growth is strong but it has peaked. In many countries unemployment is well below pre-crisis levels, labour shortages are biting and inflation remains tepid.  Yet, global trade and investment have been slowing … More Positive economic outlook for the main economies in Latin America but downward risks have intensified

Las perspectivas económicas son positivas en los principales países de América Latina pero los riesgos a la baja se han acentuado

Alvaro S. Pereira (Director) y mesas de países latinoamericanos, Departamento de Economía, Directorado de estudios de países, OCDE La economía mundial está navegando mares agitados. El crecimiento del PIB mundial es fuerte, pero ha alcanzado su punto máximo. En muchos países, el desempleo está por debajo de los niveles anteriores a la crisis de 2008, … More Las perspectivas económicas son positivas en los principales países de América Latina pero los riesgos a la baja se han acentuado

La Croissance est à son pic, la négociation d’un atterrissage en douceur s’annonce délicate

‌Laurence Boone, Chef économiste de l’OCDE L’économie mondiale traverse des zones de turbulences. La croissance du PIB mondial est élevée, mais a probablement atteint son pic. Dans de nombreux pays, le chômage est bien en dessous de ses niveaux d’avant-crise, les tensions sur l’emploi augmentent et l’inflation demeure modérée. Mais les échanges et l’investissement marquent … More La Croissance est à son pic, la négociation d’un atterrissage en douceur s’annonce délicate

Growth has peaked: Challenges in engineering a soft landing

by Laurence Boone, OECD Chief Economist The global economy is navigating rough seas. Global GDP growth is strong but has peaked. In many countries unemployment is well below pre-crisis levels, labour shortages are biting and inflation remains tepid. Yet, global trade and investment have been slowing on the back of increases in bilateral tariffs while … More Growth has peaked: Challenges in engineering a soft landing

Making trade and digitalisation work for all

by Laurence Boone, OECD Chief Economist For some, the financial crisis was an eye-opener exposing the inequalities in life chances between those with the right skills and those without, between those born and educated in the right places and those who were not.  But for many others the growing gap in well-being has been a … More Making trade and digitalisation work for all

Fostering formal sector job creation to further improve living standards in Indonesia

By Christine Lewis, Head of Indonesia Desk, OECD Economics Department The Indonesian economy has grown solidly in recent years, which together with helpful government policies has raised incomes and brought down poverty rates to record lows, as highlighted in the latest OECD Economic Survey of Indonesia (OECD, 2018). Prudent macroeconomic policies have contributed to economic … More Fostering formal sector job creation to further improve living standards in Indonesia

If potential output estimates are too cyclical, then OECD estimates have an edge

by Yvan Guillemette and Thomas Chalaux, OECD Economics Department To assess the cyclical position of an economy, macroeconomists use a concept called potential output, which measures the economy’s production rate that is consistent with stable inflation at the target. When actual output is below potential, the ‘output gap’ is negative, the economy is depressed and, … More If potential output estimates are too cyclical, then OECD estimates have an edge

How best to keep up rapid tourism growth in Indonesia

by Patrice Ollivaud, Economist, Indonesia Desk, OECD Economics Department Bali, where the 2018 OECD Economic Survey of Indonesia is being released, is emblematic of Indonesia’s success in creating a popular tourism brand. The number of foreign tourists arriving in Bali soared from 2.5 million in 2010 to 5.7 million in 2017. In 2014, the authorities … More How best to keep up rapid tourism growth in Indonesia