Stronger Growth but Risks loom large

By Álvaro S. Pereira, OECD Chief Economist ad interim, Economics Department After a lengthy period of weak growth, the world economy is finally growing around 4%, the historical average of the past few decades. This is good news. And this news is even better knowing that, in part, the stronger growth of the world economy … More Stronger Growth but Risks loom large

La croissance s’affermit, mais des risques assombrissent fortement l’horizon

Álvaro S. Pereira, Chef économiste de l’OCDE par intérim, Département des affaires économiques Après une longue période de croissance atone, l’activité économique mondiale croît enfin au rythme d’environ 4 %, qui correspond à la moyenne historique des dernières décennies. C’est une bonne nouvelle, et qui apparaît encore meilleure lorsque l’on sait que ce rebond de la … More La croissance s’affermit, mais des risques assombrissent fortement l’horizon

Un Mayor crecimiento, aunque se advierten importantes riesgos

Álvaro S. Pereira, Economista Jefe interino, Departamento de Economía de la OCDE Después de un largo período de débil crecimiento, la economía mundial finalmente está creciendo alrededor del 4%, cercano al promedio histórico de las últimas décadas. Esta es una buena noticia, y es aún mejor sabiendo que, en parte, el mayor crecimiento de la economía … More Un Mayor crecimiento, aunque se advierten importantes riesgos

Maintaining Switzerland’s enviable living standards into the future

by Christine Lewis, Switzerland Desk, Economics Department Switzerland’s high living standards and quality of life are renowned. It has the third-highest level of GDP per capita in the OECD. Likewise, survey data show Swiss have the OECD’s second-highest rate of life satisfaction. Unemployment is low, including for young people. And income inequality (after taxes and … More Maintaining Switzerland’s enviable living standards into the future

Does growth lead to inequality? It depends.

By Orsetta Causa, Mikkel Hermansen and Nicolas Ruiz, Structural Surveillance Division, OECD Economics Department Widespread increases in inequality over the past three decades have raised the question of whether growth in itself is a driver of income inequality. Considering that correlation often tells little about causation, this question is less trivial than may appear at … More Does growth lead to inequality? It depends.

Most countries have room to increase public investment

by Jean Marc Fournier, Economist, Public Economics Division, OECD Economics Department Public investment benefits current as well as future generations. My research shows that public investment is a game changer, when it comes to boosting long-term growth. Increasing the share of public investment in primary government spending by one percentage point (offset by a reduction … More Most countries have room to increase public investment

Unsatisfactory global growth:  A call to policy action!

    by Catherine L. Mann OECD Chief Economist and Head of the Economics Department   Welcome to the OECD Economics Department’s new ECOSCOPE blog ! Our Interim Economic Outlook launched today shows a troubling picture—world growth stuck at 3% in 2016, and only 3.3% in 2017, with substantial volatility in financial markets raising new … More Unsatisfactory global growth:  A call to policy action!