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Investment and growth in OECD economies is increasingly driven by investment in intangible assets, also known as knowledge-based capital (KBC). In many OECD countries, firms now invest as much or more in KBC as they do in physical capital such as machinery, equipment and buildings. This shift reflects a variety of long-term economic and institutional transformations in OECD economies. The rise of

7/7/2016 - Labour markets are continuing to recover from the crisis and employment is set to return to pre-crisis levels in 2017, but wage growth remains weak, according to a new OECD report. The OECD Employment Outlook 2016 shows that with the global economy stuck in a low‑growth trap, better skills use and further structural reforms are needed to boost productivity, support job creation, improve

11/04/2016 - Japan must make revitalising growth its number one priority with reforms to boost productivity and encourage more women and older people into jobs to compensate for its rapidly shrinking labour force, according to the OECD. Japan’s population is set to shrink to 100 million by 2050 from a peak of 128 million in 2010. Life expectancy of 83.5 years is pushing up the old-age dependency r

Employment Outlook 2022Tackling the cost-of-living crisis Why bold government action is needed in labour markets Jobs bounced back with vigour since 2021 – but uncertainty looms. While the world economy recovered rapidly as it emerged from the COVID crisis, the consequences of Russia’s invasion of Ukraine have dealt a fresh blow to global prospects. This risks stoking a renewed economic and social

Russia’s war of aggression against Ukraine continues to overshadow the world economy. Despite recent signs of improvement, recovery over the next two years is expected to be moderate. The outlook remains fragile and downside risks predominate. High uncertainty generated by the war could take a heavy toll on activity. Trade tensions are high and could worsen. Concerns about financial vulnerabilitie