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 Ronald Janssen and Filip Stefanovic. For more information, please contact janssen@tuac.org and stefanovic@tuac.org.
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 ...
Labour Ministers agree G7 AI plan, but ignore cost-of-living and climate crises
As requested by G7 Leaders, Labour Ministers from G7 countries agreed a ‘G7 Action Plan for a human-centred adoption of safe, secure and trustworthy AI in the World of Work’. The Plan includes positive commitments to “Promoting the active involvement and consultation of workers and ...
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 ...
OECD challenged to forge new economic consensus
The OECD is being challenged to forge a new economic consensus for the ‘new normal’ of climate crisis, geo-political tensions and supply chain bottlenecks feeding inflation, which increases prices and disrupts economic activity. The challenge was raised at the annual TUAC-OECD liaison committee ...
G7 focuses on threats to peace and security, neglects social justice and inequalities
The G7 Leaders Communique, agreed at the Summit in Italy, focuses on current threats to global peace and security, but fails to make the link between peace and social justice. It fails to follow up adequately on G7 commitments made last year on the cost of living and wages, or to deal properly with ...
The OECD’s Productivity Review of Spain: Continued support for social dialogue and worker representation is necessary to revive broadly shared productivity
In a new publication, jointly released today with Spain’s Second Vice-President and Minister of Labour and Social Economy Yolanda Díaz Pérez, the OECD takes a closer look at the twin challenges that Spain is confronting: how to revive productivity growth and ensure that it is broadly shared? ...
OECD Economic Outlook: monetary restriction, less social spending and big bank profits
The OECD Economic Outlook May 2024 recommends keeping monetary restriction “for some time to come” and argues in favor of spending restraint – singling out pension and other social spending. ...
Unions urge G7 to deliver on wage growth
Trade unions call on G7 Labour and Employment Ministers to deliver the “sustainable growth and real wage growth” which G7 Leaders committed to at last year’s G7 summit. In a joint statement by unions from G7 countries pointing out that real wages “in almost all G7 countries remain below ...
