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

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

Watch the webcast of the press conference

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

Economic Survey of the Euro area - news conference on Wednesday 14 January 2009

Economic Survey of the Euro area - OECD news conference on Wednesday 14 January 2009

07/01/2009 - Strengthening the financial system in the wake of the current crisis is one of the key challenges discussed in OECD’s latest economic survey of the Euro area, to be published on Wednesday 14 January 2009.
The survey will be available to journalists in English on OECD's password-protected website at 10.30 a.m. Paris time (09.30 GMT) for immediate release.
A news conference presented by OECD Secretary-General Angel Gurría, senior economist Nigel Pain and division head Peter Hoeller will be held at 10.30 a.m. the same day (in English with French interpretation) at OECD headquarters, 2 rue André Pascal, Paris 75016. Journalists wishing to attend are asked to register with Sara Sreberny-Mohammadi in OECD’s media division.
A Policy Brief with the main conclusions will be freely accessible in pdf format (in English and French) on the OECD’s web site at www.oecd.org/eco/surveys/euroarea. You are invited to include this internet link in reports on the survey.

OECD Economic Outlook No. 84, November 2008

OECD Economic Outlook No. 84, November 2008
Many OECD economies are in or are on the verge of a protracted recession of a magnitude not experienced since the early 1980s. As a result, the number of unemployed in the OECD area could rise by 8 million over the next two years. At the same time, inflation will abate in all OECD countries and some even face a risk, albeit small, of deflation.

Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non OECD economies are also evaluated. The present issue covers the outlook to end-2010. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.In addition to the themes featured regularly, this issue contains a special chapter entitled Reponses to inflation shocks: Do G7 countries behave differently?

OECD Economic Outlook No. 84, November 2008 (DownloadPDF)