Peru's solid macroeconomic framework has driven substantial economic growth and poverty reduction in the past two decades. While the economy swiftly rebounded from the pandemic due to strong policy support, it exposed structural weaknesses such as a large informal sector and stark regional disparities in accessing public services.
© natalie_dc/shutterstock.com
Peru Economic SnapshotCroatia has navigated well the COVID-19 crisis and the price shocks following Russia’s war of aggression on Ukraine. It has achieved robust output growth, rising employment and improving well-being, although inflation has surged. Integration into the euro- and Schengen areas at the start of 2023 are testament to progress, and are providing a further fillip to the economy.
© Joachim Bago/Shutterstock.com
Croatia Economic SnapshotThe European recovery has been disrupted since the onset of Russia’s war of aggression against Ukraine. Co-ordinated and timely policy action helped avoid a severe downturn, but the near-term outlook is clouded by uncertainty and downside risks.
© symbiot/Shutterstock.com
European Union and euro area Economic SnapshotIceland’s economy is one of the fastest-growing in the OECD, driven by foreign tourism and strong domestic demand. The labour market is tight and wage growth robust, while high wage compression helps maintain a highly egalitarian economy. Inflation is persistent and broadening, and inflation expectations have de-anchored.
© Vincent Koen
Iceland Economic SnapshotThis portal provides data and documents from the OECD and external sources to facilitate public finance research. >> Access the Public Finance Data Portal
The OECD Global Forum on Productivity (GFP) fosters international co-operation between public bodies promoting productivity-enhancing policies. Access the latest research and data on productivity trends and institutions, and follow upcoming events.
Pro-competition regulation in the markets for goods and services can help boost living standards, can raise output per capita by increasing investment and employment, and can encourage firms to be more innovative and efficient, thereby lifting productivity. To measure countries’ regulatory stance and to track reform progress over time, since 1998 the OECD has been producing a set of indicators of product market regulation (PMR). >> Access the PMR Indicators