Release of the Interim Outlook : Growth Slowdown is happening

The Interim Economic Outlook released today by the OECD confirms that the slowdown in global growth is continuing and even intensifying. The policy response put forward is unconvincing however, focussing on pro-competition/market-friendly reforms while giving demand side policy a more limited and auxiliary role. Policy makers, including the OECD, should urgently reflect upon a policy package combining current slack with a (public) investment programme into a low carbon economy that is supported financially by monetary policy in the form of ‘quantitative greening’. Read more in attached documents