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Site title: ECOSCOPE – AN ECONOMIC LENS ON POLICIES FOR GROWTH AND WELLBEING

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Austria: Restoring the public finances in the face of ageing
Austria enjoys high living standards, strong institutions and a highly skilled workforce. But the economy was hit hard by the energy price shocks following Russia’s war of aggression against Ukraine. After a strong rebound from the pandemic, activity slowed sharply in 2023–24, leading to a prolonged recession and a sizeable fiscal deficit that stood at 4.5% of GDP in 2025.

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Navigating demographic headwinds in Croatia

Croatia’s economy has experienced robust and resilient GDP growth and improved living standards over the past decade. Yet a rapidly shrinking and ageing population threatens future growth and fiscal sustainability. Advancing pension, health care and labour market reforms will be essential to extend working lives, improve healthy ageing and raise labour force participation.


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Strengthening Romania’s competitiveness

Romania has made remarkable progress in converging toward OECD income levels over the past two decades, supported by deeper integration into global markets, substantial capital inflows, and wide‑ranging economic reforms.

Katja Schmidt, OECD Economics Department

These forces have driven strong productivity gains (Figure 1), bringing labour prod...


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The investor base for sovereign debt: Recent developments and potential implications

Long-term sovereign bond yields have risen as fiscal pressures mount and central banks step back from bond markets. With private investors playing a larger role, borrowing costs may remain higher and markets may become more volatile, raising important questions for debt management and financial stability.

By Masatoshi Ando, Ben Conigrave, Álvaro Pina and Car...


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Raising Thailand’s productivity through regulatory reform
Thailand has made considerable economic advances over recent decades, but progress has slowed over the past several years, notably in productivity growth.

By Philip Hemmings, Jens Arnold, Charles Dennery and Isabella Medina, OECD Economics Department

Sustained gains in labour productivity are essential for lifting output per capita a...


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