OECD: Use fiscal policies to pull global economy out of low-growth mode
Tokyo
THE global economy could escape from the "low-growth trap" it has been caught in for a number of years through the use of fiscal initiatives to spur private investment, the Organisation for Economic Cooperation and Development (OECD) said on Monday.
Its secretary-general Angel Gurria said: "In light of the current context of low interest rates, policy-makers have a unique window of opportunity to make more active use of fiscal levers to boost growth and reduce inequality - without compromising debt levels."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary
Macau casinos remain resilient in April as consumers seek fun
Japan may introduce tax breaks to spur repatriation into yen: Sankei
Asset owners can’t afford to sidestep sustainability