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.
OECD underestimates the risk of monetary policy tightening overshooting its goal
The OECD Economic Outlook, Interim Report of February 2024, underestimates the risk of monetary policy tightening overshooting its goal. TUAC is also concerned that OECD fails to draw the lesson of inflation declining rapidly and ignores the urgent need to start cutting interest rates as soon as ...
TUAC elects new chairs of Economic Policy & Multinational Enterprises Working Groups
TUAC is proud to announce the election of two new chairs and one new vice chair of TUAC Working Groups. The newly elected chairs and vice-chair are Geoff Tily, TUC (UK), Chair of the Economic Policy Working Group Bianca Cuciniello, UIL (Italy), Chair of the Multinational Enterprises Working ...
TUAC challenges OECD to review and revise its economic thinking
The Trade Union Advisory Committee to the OECD (TUAC) is challenging OECD to reexamine its economic policies and to shift towards a new economic paradigm putting working people at the centre of policy by unambiguously supporting full employment, secure employment and social dialogue, together with ...
Shaky jobs and economic insecurity: new OECD report
A new OECD report “On shaky grounds? Income Instability and Economic Insecurity in Europe” shows that one in six households suffer highly unstable income flows and do not have sufficient funds to stave off poverty for three months. ...
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OECD: soft on profits, hard on wages and keen on austerity
The OECD’s latest Economic Outlook downplays the impact of profits on inflation and instead expresses concerns about wage rises, calls for a return to austerity and underestimates the dangers of high interest rates says the Trade Union Advisory Committee to the OECD (TUAC). The OECD’s Economic ...
OECD finds better jobs give as much life satisfaction as increasing national income by a quarter
A new OECD report published today, ‘How to make societies thrive?’, describes how job instability and poor working conditions can lead to increased fatigue, risk of burnout or depression and declining mental health. It finds that people at risk of mental health problems are 3 times more likely ...
OECD on Spain’s 2019 minimum wage rise
Higher wages and a less insecure labour market without major job losses! In 2019, the government of Spain increased minimum wages by 22% in a single step, raising it from 40% to 50% of the median wage and affecting 7% of dependent employees who until then had been paid less than 1050 euro a month. ...
OECD over-optimistic in forecasting even weak growth
The OECD is over optimistic in forecasting even weak growth and underestimates the risks that restrictive monetary policies pose for the final quarter of 2023 and through 2024 warns TUAC. “The OECD is forecasting weak growth in today’s Interim Outlook” said Veronica Nilsson, General Secretary ...
Overwhelming public concern about the cost-of-living needs to be addressed by OECD and Governments
A staggering 91% of the working population in 27 OECD countries is concerned about the cost of living, according to the OECD’s ‘Risks that Matter’ survey published today. Almost half (47%) the people surveyed are worried about the cost of all four categories covered in the survey: essential ...
