""Reversing three decades of a declining economic growth trajectory is essential to securing and sustaining meaningful gains in household incomes and living standards," OECD Secretary-General Mathias Cormann said."
""The priorities are clear: improve the business environment, drive innovation, and invest in skills and employment. Getting this right will unlock stronger growth and competitiveness, cushion the future.""
Global economic growth is under pressure from short-term uncertainties like geopolitical tensions and long-term challenges such as weak productivity and ageing populations. The OECD's report outlines a blueprint for reforms focusing on enabling factors, market incentives, and targeted sectoral measures. It emphasizes the need for comprehensive pro-growth reforms that address multiple areas simultaneously. Digitalisation and AI are expected to significantly boost productivity. Improving the business environment and investing in skills are crucial for sustainable economic growth and competitiveness.
Read at London Business News | Londonlovesbusiness.com
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