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 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 ...
OECD report admits profits allow room for wage increases
The OECD’s 2023 Employment Outlook sets out in admirable clarity the facts that real wages are falling in virtually all OECD countries, profits have increased more than labour costs in many OECD countries, and that there is room in several sectors and countries for profits to absorb some further ...
Tribute to William Spriggs
The Trade Union Advisory Committee to the OECD (TUAC) mourns the loss of William Spriggs – known to us as Bill. Tributes from President Biden and many others salute his outstanding contribution to racial and economic equality and to his personal as well as professional and academic ...
OECD Economic Outlook recommendations will weaken economies and widen inequality warn unions
The OECD’s Economic Outlook 2023 offers a quality analysis of the many risks facing the global economy today but supports controversial recommendations that will weaken the economy and widen inequality warn trade unions. The OECD forecasts continuing economic slowdown throughout 2023 and an ...
Economic Policy for a Just Transition – TUAC statement for the annual OECD Ministerial Council Meeting 2023
Economic Policy for a Just Transition – TUAC statement for the annual OECD Ministerial Council Meeting 2023 ...
G7 Hiroshima Summit- strong words that must be followed by action
G7 leaders met in Hiroshima to adopt a joint communiqué reaffirming their support to Ukraine as well as their commitment to peace and to the principles of the UN Charter. Heads of State or Government of Japan, Canada, France, Germany, Italy, United Kingdom and United States as well as ...
G7 Summit: under pressure to deliver on wages, collective bargaining and social protection
Japan hosts the G7 Summit of the Leaders of Canada, France, Germany, Italy, Japan, UK, USA and the EU – on 19-21 May in Hiroshima with ‘economic resilience and security’ high on the agenda. Leaders will meet in times of high geopolitical uncertainty and in global economic slowdown, and rising ...
TUAC calls for recognition that inflation is being driven by profits, not wages
Ahead of the OECD’s influential annual Economic Outlook, to be published on 7 June, the Trade Union Advisory Committee to the OECD (TUAC) urges the OECD to make policy recommendations for: An immediate standstill on raising interest rates The public sector to stabilise the economy and avoid ...
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