Avoiding the low-growth trap!

Nie wieder Krieg! Putin verstehen. Lügen erkennen.

Going for Growth – OECD


Feb 21, 2014

Economic Policy Reforms 2014  

Going for Growth: Avoiding the low-growth trap


Remarks by Angel Gurría, OECD Secretary-General

Sydney, 21st February 2014  ,

„Ladies and Gentlemen,

This new issue of Going for Growth comes at a time of transition for the global economy:

  • we see the recovery strengthening in advanced economies, albeit at a different speed,
  • while growth in emerging countries is slowing, also at different pace. But our report recognizes and analyses one major concern shared by all :
  • the risk of falling into a low-growth trap. The widespread deceleration in productivity in recent years is one reason to worry about this. Of course, productivity can move up and down with economic activity and has done so many times in the past. However,
  • some key drivers of productivity growth – credit, investment and…

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