
COVID-19: Four ways to tackle the economic fallout
Governments must adequately acknowledge, confront the crisis, and take decisive actions now.
Governments must adequately acknowledge, confront the crisis, and take decisive actions now.
Covid-19 is spreading from China to other regions, causing human suffering and economic disruption.
Countries with integrity at the border are found to also have more efficient border processes. Measures that support integrity include transparency and predictability, streamlining of formalities and coordinated border management.
Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions. Without rapid action, many people, particularly the low skilled, will be left behind in the fast-changing world of work.
The weakening of growth comes at a time when globalisation, digitalisation, population ageing and environmental degradation are key forces shaping economic developments.
After a three years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again.
OECD and partner countries formally adopted the first set of intergovernmental policy guidelines on AI to ensure systems are designed to be robust, safe, fair and trustworthy.
The global economy is expected to achieve moderate but fragile growth over the coming two years. The OECD projects that the global economy will grow by 3.2 per cent in 2019 and 3.4 per cent in 2020.
Government policy must overcome the intertwined challenges posed by rapid population ageing and high government debt to ensure sustainable and inclusive growth.
OECD Survey projects growth above 6% this year and next, and sees continuing convergence with more advanced economies.
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