OECD presents 2017 Economic Outlook
On 7 June 2017, the OECD released its 2017 Economic Outlook, including its country projections. The Outlook's foresees global investment and growth to pick up and sees signs of rising demand for high-tech goods and investment to upgrade capital. However, productivity remains largely unresponsive. In addition, economic dynamics are evolving quickly with sharp changes to technology, consumer preferences and trade, occurring simultaneously. Job losses are concentrated on people with mid-level skills and income inequality is on the rise.
The OECD therefore calls for an integrated policy approach, based on two pillars: international policies and domestic reforms to boost R&D and innovation, competition, job creation, and skills.
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