Oecd Economic Surveys Norway 2019 PDF Download
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Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 116 |
Release | : 2019-12-09 |
Genre | : |
ISBN | : 9264928979 |
Download OECD Economic Surveys: Norway 2019 Book in PDF, ePub and Kindle
Wellbeing in Norway is high; GDP per capita is among the top-ranking countries and the country scores well in measures of inclusiveness. Several challenges must be addressed, however, if this good standing is to be sustained. The economy is vulnerable to trade risks. Also, though property markets and related credit appear to be heading for a soft landing, risks remain. Norway has substantial opportunities for more effective public spending remain, and exploiting these will become more important as fiscal space narrows. Productivity growth remains low, requiring attention to business policy.
Author | : Oecd |
Publisher | : Org. for Economic Cooperation & Development |
Total Pages | : 116 |
Release | : 2020-01-22 |
Genre | : Business & Economics |
ISBN | : 9789264503397 |
Download OECD Economic Surveys: Norway 2019 Book in PDF, ePub and Kindle
Wellbeing in Norway is high; GDP per capita is among the top-ranking countries and the country scores well in measures of inclusiveness. Several challenges must be addressed, however, if this good standing is to be sustained. The economy is vulnerable to trade risks. Also, though property markets and related credit appear to be heading for a soft landing, risks remain. Norway has substantial opportunities for more effective public spending remain, and exploiting these will become more important as fi scal space narrows. Productivity growth remains low, requiring attention to business policy. Employment rates among young and middle age cohorts have declined, and despite some positive trends many among older cohorts retire early. This is eroding Norway's otherwise good record of strong labour supply and socio-economic inclusiveness through jobs. Chapter 2 of this Survey looks at this, and other aspects of Norway's labour market. Policy issues covered include sick leave compensation and disability benefit, the old-age pension's role in early retirement, education and skills, and immigrant integration.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 123 |
Release | : 2022-02-22 |
Genre | : |
ISBN | : 9264533664 |
Download OECD Economic Surveys: Norway 2022 Book in PDF, ePub and Kindle
OECD’s periodic surveys of the Norwegian economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.
Author | : OECD |
Publisher | : |
Total Pages | : 164 |
Release | : 2019 |
Genre | : Business & Economics |
ISBN | : 9789264610613 |
Download OECD Economic Surveys: Japan 2019 Book in PDF, ePub and Kindle
Japan's current economic expansion is its longest of the post-war era, with per capita output growth nearly matching the OECD area since 2012. However, the expansion has peaked and global uncertainties weigh on the outlook. Growth is projected to continue at a moderate rate, supported by expansionary monetary policies and fiscal measures to offset the 2019 consumption tax rate hike. Notwithstanding rising female participation, labour shortages are intensifying, reflecting Japan's shrinking and ageing population, thus underlining the importance of labour market reform. Traditional labour practices, such as seniority-based wages and mandatory retirement, are poorly suited to the era of 100-year lives. Comprehensive reforms, including abolishing the right of firms to set mandatory retirement and removing obstacles to female employment, are essential. Population ageing also puts further upward pressure on public social spending and government debt, which relative to GDP is already the highest ever recorded in the OECD area. Japan needs a comprehensive fiscal consolidation plan covering specific spending cuts and revenue increases to ensure fiscal sustainability. It is essential to contain the rise in health and long-term care spending, while expanding the joint provision of local public services across jurisdictions and developing compact cities in the context of depopulation. SPECIAL FEATURES: LABOUR REFORM IN AN AGEING SOCIETY; ENSURING FISCAL SUSTAINABILITY
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 116 |
Release | : 2019-11-04 |
Genre | : |
ISBN | : 9264748075 |
Download OECD Economic Surveys: Switzerland 2019 Book in PDF, ePub and Kindle
Swiss citizens continue to enjoy high living standards on a range of dimensions. Economic growth has slowed but the healthy labour market is still supporting incomes and consumption. However, risks to the outlook are building. Monetary policy has been very accommodative but low interest rates are adding to financial risks. Fiscal policy is sound and debt low. There is scope to make greater use of available fiscal space. Adapting to population ageing is becoming pressing. This trend, along with digital transformation, will bring new opportunities for the economy and society, but challenges as well. Policies have not kept up with rising life expectancy, particularly the statutory retirement age. Updating the pension system and lowering barriers to working longer would ensure that workers continue to receive adequate incomes during retirement.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 112 |
Release | : 2024-06-20 |
Genre | : |
ISBN | : 9264522417 |
Download OECD Economic Surveys: Norway 2024 Book in PDF, ePub and Kindle
Norway’s economy is slowing as inflation and higher interest rates weigh on consumption and investment. The labour market is tight and wage growth robust, while labour shortages and job mismatches are high and rising. Inflation is falling but still way above the target of 2%. The fiscal stance is expansionary. It should become contractionary to support monetary policy. While Norway is one of the OECD’s most productive countries, productivity growth over the past decade has been weak. Making skills more relevant, notably by strengthening vocational education and training, could help raise productivity and ease tight labour markets. Higher and broader taxation of greenhouse gas emissions and investing in lower‐cost emission cuts would help achieve emission reductions more efficiently. Public spending as a share of GDP is the highest in the OECD, which brings important benefits in the form of high-quality public services. However, oil revenues are set to decline, and ageing costs to rise, foreshadowing strains on public finances in the future. Norway could benefit from applying a medium-term expenditure framework, introducing a spending rule, and establishing a full-fledged fiscal council. Reforming the very generous sickness and disability scheme could help reduce spending pressures and increase employment. Regional policy should become more cost-conscious. Infrastructure investment is very high, and imposing a minimum benefit-cost ratio on individual projects and strengthening ex-post evaluations could help improve its effectiveness. SPECIAL FEATURE: RAISING THE EFFECTIVENESS OF PUBLIC SPENDING
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 143 |
Release | : 2019-12-24 |
Genre | : |
ISBN | : 9264823514 |
Download OECD Economic Surveys: India 2019 Book in PDF, ePub and Kindle
India has been a growth champion in recent years and has succeeded in taming inflation, the current account deficit and non-performing loans. India's participation in the global economy has risen, with outstanding performances in some services, while the largest diaspora in the world is an asset in developing new markets. India has also lifted many millions of people out of poverty and has made access to housing for all a priority. Ambitious structural reforms -- including better targeted household support, financial inclusion initiatives, the implementation of the Goods and Services Tax, the Insolvency and Bankruptcy Code, the new approach to federalism and the corporate income tax reform -- have played a key role.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 120 |
Release | : 2017-12-19 |
Genre | : |
ISBN | : 9264286373 |
Download OECD Economic Surveys: Norway 2018 Book in PDF, ePub and Kindle
Norway has high levels of GDP per capita and inclusiveness, helped by business dynamism, sound petroleum-wealth management and comprehensive welfare and public services.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 150 |
Release | : 2019-12-17 |
Genre | : |
ISBN | : 9264531718 |
Download OECD Economic Surveys: Estonia 2019 Book in PDF, ePub and Kindle
Estonia’s economy continues to perform well, and growing incomes support well-being. However, the expansion has peaked, and growth is set to soften due to weak international demand. Prudent fiscal policy has resulted in low debt, but spending pressures related to meeting infrastructure needs and ageing are mounting. Old age poverty is high and the proposal to allow early withdrawal of pension funds threatens macroeconomic stability and pension adequacy. The gender wage gap is among the highest in the OECD, and inequalities in income and health are considerable, reflecting gaps in the social safety net. The oil-shale sector is highly energy-intensive and is the main culprit behind Estonia’s high greenhouse gas emissions, but reducing dependence on the sector is challenging, as it is an important employer and meets 70% of Estonia’s energy needs.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 179 |
Release | : 2019-06-25 |
Genre | : |
ISBN | : 9264883894 |
Download OECD Economic Surveys: New Zealand 2019 Book in PDF, ePub and Kindle
Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.