Stronger policy response needed to avoid risks to growth, especially in the euro area, says OECD in latest Economic Outlook

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the Economic Outlook 

The Economic Outlook draws attention to a global economy stuck in low gear, with growth in trade and investment under-performing historic averages and diverging demand patterns across countries and regions, both in advanced and emerging economies.  

“We are far from being on the road to a healthy recovery. There is a growing risk of stagnation in the euro zone that could have impacts worldwide, while Japan has fallen into a technical recession,” OECD Secretary-General Angel Gurria said.  “Furthermore, diverging monetary policies could lead to greater financial volatility for emerging economies, many of which have accumulated high levels of debt.” (Read the speech)

Global GDP growth is projected to reach a 3.3% rate in 2014 before accelerating to 3.7% in 2015 and 3.9% in 2016, according to the Outlook. This pace is modest compared with the pre-crisis period and somewhat below the long-term average. 

The euro area is projected to grow by 0.8% in 2014, before slight acceleration to a 1.1% rate in 2015 and a 1.7% rate in 2016.

Mayor convergencia entre ambos bloques favorecería un cambio estructural en pro de la igualdad, según el organismo de las Naciones Unidas.

La Alianza del Pacífico (AP) y el Mercado Común del Sur (MERCOSUR) representan combinados más de 80% del comercio exterior regional, así como de su población, y más de 90% de su producto interno bruto (PIB) y de sus flujos de inversión extranjera directa, según un nuevo informe de la Comisión Económica para América Latina y el Caribe (CEPAL).

El documento La Alianza del Pacífico y el MERCOSUR. Hacia la convergencia en la diversidad fue presentado hoy a los Gobiernos del continente como contribución al seminario Diálogo sobre la Integración Regional: la Alianza del Pacífico y el MERCOSUR, que se desarrolló en Santiago de Chile bajo la organización del Ministerio de Relaciones Exteriores de este país.

El informe destaca que ambas agrupaciones cuentan entre sus miembros a las siete mayores economías de América Latina y el Caribe, según tamaño de su PIB (en 2013, en orden decreciente): Brasil, México, Argentina, Colombia, Venezuela, Chile y Perú. La Alianza del Pacífico (AP) está compuesta por Chile, Colombia, México y Perú, mientras que el MERCOSUR lo conforman Argentina, Brasil, Paraguay, Uruguay y Venezuela.

En 2013, el comercio total entre ambos grupos de países alcanzó los 47.400 millones de dólares, con exportaciones de la AP al MERCOSUR de 23.700 millones de dólares, monto muy similar al de los envíos del MERCOSUR a la Alianza, agrega el documento.

Doing Business 2015 : going beyond efficiency - Uruguay (Inglés)

This economy profile for Doing Business 2015 presents the 11 Doing Business indicators for Uruguay. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2015 is the 12th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing business; for 2015 Uruguay ranks 82. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies from Afghanistan to Zimbabwe and over time. Doing Business measures regulations affecting 11 areas of the life of a business known as indicators. Ten of these areas are included in this year's ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year's ranking. The data in this report are current as of June 1, 2014 (except for the paying taxes indicators, which cover the period from January to December 2013).

Complete Document: http://goo.gl/RJvUq9

Source: BM