The European economy is growing robustly, helped by accommodative monetary policy, mildly expansionary fiscal policy and the global acceleration. The current economic expansion should be used to speed up implementation of reforms to the euro area architecture and EU policies that would support greater European integration and ensure stronger, more inclusive long-term growth, according to two new reports from the OECD.
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This note offers a brief analytical summary of the commodity trade situation in the European Union.
The Secretary-General presented the OECD report "Health at a Glance: Europe 2016" alongside Mr. Vytenis Andriukitis, European Commissioner for Health and Food Safety.
“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.
Labour market mobility in the European Union is increasing, but it remains too low to provide sufficient adjustment in the face of diverging labour market developments.
Biographical note of the European Commissions' Permanent Representative to the OECD.
To achieve a euro area fiscal stance that fosters the recovery, countries with fiscal space under the Stability and Growth Pact rules should use budgetary support to raise growth, and existing incentives and flexibility should be taken advantage of to pursue reforms of tax and spending policies.
To support the recovery, structural reforms that yield short-run as well as long-run gains should be prioritised.
The OECD will spare no efforts in supporting the Government of the United Kingdom advance the country's economic and social agenda, says Mr Gurría in a statement issued following the referendum on membership of the EU.
Outdoor air pollution could cause 6 to 9 million premature deaths a year by 2060 and cost 1% of global GDP – around USD 2.6 trillion annually – as a result of sick days, medical bills and reduced agricultural output, unless action is taken, according to a new OECD report.