|OECD and the global economic crisis
By Henry Ekwuruke
While the global economy may be out of intensive care, it remains very fragile, as underlined by market volatility, rising public debt and high unemployment. A key missing ingredient is confidence.
According to the OECD Secretary-General, Angel Gurria, governments in OECD countries face a twin challenge of restoring growth while bringing order back to public finances. These ultimately are two sides of the same coin, and lasting recovery will only come by striking a reconciliation between them.
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