Governments must maintain reforms for long-term growth during crisis, says OECD

Governments must maintain reforms for long-term growth during crisis, says OECD

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03/03/2009 - The current crisis offers governments the opportunity of combining emergency action with the important structural reforms needed to improve long-term growth and resilience in their economies, according to OECD’s latest Going for Growth.
"The debacle in financial markets does not call into question the beneficial effects of recommended reforms of product and labour markets”, said OECD Chief Economist Klaus Schmidt-Hebbel. Read his speech in full.
Going for Growth identifies key reforms to raise living standards in each OECD country. It points out that a number of policies, if carefully implemented, can both boost demand in the short term to soften the impact of the recession, and also raise economic growth over the long term.
http://interwebcast.oecd.org/conferences/1_403/en/event_medias/video.wvx