OECD economic surveys. United Kingdom / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic Surveys, 1609-7513

Language:

English

Subjects (All):

Great Britain--Economic conditions.

Great Britain.

Physical Description:

1 online resource (138 p.)

Place of Publication:

Paris : OECD, [2015]

Language Note:

English

Summary:

This OECD Economic Survey of the United Kingdom examines recent economic developments, policies and prospects. Special chapters cover improving infrastructure and ensuring sustainable bank lending.

Contents:

Table of contents; Basic statistics of United Kingdom, 2013; Abbreviations and acronyms; Executive summary; Main findings; Key recommendations; Securing a balanced recovery through macroeconomic policies; Improving the provision of infrastructure; Ensuring sustainable bank lending; Assessment and recommendations; Making the recovery sustainable; Key challenges to unleash productivity; Figure 1. Growth is strong; Figure 2. Social indicators are good overall; Figure 3. Subdued labour productivity is holding back living standards; A strong recovery

Figure 4. Fiscal policy has contributed to some pick-up in growthFigure 5. Growth is driven by domestic demand; Figure 6. Export performance has been deteriorating; Figure 7. Declining relative size of export sectors is contributing to weak net exports; Figure 8. Monetary conditions are supportive, but house prices have increased significantly; Table 1. Macroeconomic indicators and projections; Figure 9. Labour market developments compared to previous recessions and recoveries; Figure 10. Employment performance since the last recession has been strong

Figure 11. Productivity and wages have not recovered compared to previous recessions and recoveriesNormalising macroeconomic policies; Gradually reducing the size of monetary stimulus; Figure 12. Monetary policy has been highly expansionary; Figure 13. Net loan growth of monetary financial institutions has been weak; Figure 14. Normalisation of policy rates should start soon; Figure 15. Tensions are emerging in the labour market; Continuing fiscal consolidation; Figure 16. Fiscal consolidation is underway; Figure 17. Distributional impact of fiscal consolidation

Figure 18. Simulations show that reducing public debt will require further effortsKey macroeconomic policy recommendations; Rekindling productivity growth; Drivers of the productivity puzzle; Figure 19. Productivity growth was losing momentum before the crisis; Figure 20. Businesses face lower bank lending rates, but higher risk premiums; Figure 21. The reallocation of labour and capital resources has been weak; Figure 22. Weak output is the main drag on productivity at the aggregate level; Figure 23. There is significant heterogeneity in output and employment developments across sectors

Enhancing a knowledge-based economyFigure 24. Youth job mismatch is high; Figure 25. There is scope to reduce barriers to entrepreneurship; Improving infrastructure; Figure 26. The United Kingdom has spent less on infrastructure compared to peers; Figure 27. There is scope to improve the perceived quality of overall infrastructure; Figure 28. Perceived quality of infrastructure is lagging behind compared to other affluent countries; Figure 29. Greenhouse gas emissions have been reduced; Figure 30. Share of renewables in the energy mix has improved but remains low

Figure 31. Infrastructure pipeline 2014 focuses on energy and transport reflecting major investment needs

Notes:

"February 2015"--Cover.

Includes bibliographical references.

Description based on print version record.

ISBN:

9789264229051

9264229051

9789264227255

9264227253