Post-economic crisis reforms need shot in the arm, says OECD

Tokyo

FINANCE ministers from the G-20 group of advanced and emerging economies are expected to renew their commitment to "going for growth" in their economies during their two-day meeting in Istanbul on Monday, though the Organisation for Economic Cooperation and Development (OECD) says the going is likely to be tough.

More than six years after the onset of the financial and economic crisis, a return to the pre-crisis growth path remains elusive for a majority of OECD countries," said the Paris-based organisation in a report on the progress made so far by member countries in implementing structural reforms in their economies.

The OECD report released on Monday added: "In most advanced economies, potential growth has been revised down and, in some cases, there are growing concerns that persistently weak demand is pulling potential …