Economic policy
TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.
This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.
This work is led by Filip Stefanovic and Adnan Habibija. For more information, please contact stefanovic@tuac.org and habibija@tuac.org.
No signs of a wage-price spiral, OECD report confirms
The latest OECD Wage Bulletin, published on 13 March, shows that real wages have finally started to grow on a yearly basis in a majority of OECD countries, after the sharp decline caused by the 2021-2022 inflation surge. In Q3 2023, real wage growth was positive in 25 of the 35 countries with ...
OECD Interim Economic Outlook: TUAC Calls for Faster Interest Rate Cuts and Increased Public Investment
The latest OECD Interim Economic Outlook projects a weaker than previously anticipated global growth of just around 3% in 2025-2026 – substantially below pre-pandemic levels – while recommending limited interest rate cuts and restrictions on government spending. TUAC’s response, published ...
TUAC calls for urgent action on rising inequality and workers’ rights
TUAC General Secretary Veronica Nilsson warned of growing inequality and workers’ rights challenges during the World Economic Forum’s “Closing the Jobs Gap” panel today. Speaking alongside the ILO Director-General and business leaders, Nilsson highlighted growing ...
OECD wrong on economic policy recommendations, right on labour shortages and collective bargaining
TUAC seriously doubts the OECD’s analysis in its latest Economic Outlook and rejects its key recommendations on macroeconomic policy. TUAC is sceptical of the OECD’s assumption that the global economy and labour markets are resilient enough to withstand a return to fiscal austerity and ...
Trade unions call for public investment and fiscal policies to support steel sector recovery
TUAC, IndustriALL Global Union and industriAll Europe expressed their profound concern about the cumulative loss of tens of thousands of jobs in the steel sector and related industries, globally, and many more currently on the line. The trade union representatives attending the OECD Steel Committee ...
New OECD report: more needs to be done for full recovery from pandemic and cost-of-living crisis
This year’s OECD How’s Life publication comes at a time when economies and societies have yet to fully recover from the COVID-19 pandemic and cost-of-living crisis, and stresses that traditional economic indicators such as GDP or average income are only part of the whole story. The report ...
The Interim Economic Outlook: the OECD’s policy recommendations will not help the economy turn the corner
The OECD’s Interim Economic Outlook Report supports the recent turn in monetary policy and recognizes that there is room to lower interest rates. At the same time, it urges central banks to be prudent and carefully judge the timing and scope of reductions to contain underlying inflationary ...
Unions meet G7 Ministers in Cagliari on wage growth, AI and climate action
Trade unionists from G7 countries met with Ministers, international policymakers and business leaders in Cagliari today to Underline the urgent need for Governments to deliver environmentally and socially sustainable growth with real wage growth for working people. Tackle the climate crisis by ...
G20 LEMM Declaration aligns with trade union demands
The G20 Labour and Employment Ministers Meeting (G20 LEMM) took place in Fortaleza, Brazil, on 25-26 July. The Ministerial Declaration from the meeting closely aligns with workers’ demands, as outlined in the L20 statement to the G20 LEMM. The LEMM opened with a Just Transition Leadership Forum, ...
OECD’s Employment Outlook stresses collective bargaining for a just transition
The 2024 Employment Outlook provides evidence of worsening wages and job opportunities in the move from high emission to green industries and makes a strong case for collective bargaining to achieve a socially just transition to a net-zero economy. It shows that workers from high emission ...
