US Key Policy Priorities: Public Finances, Competition, Climate Transition
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The United States economy has continued its robust recovery since the COVID-19 pandemic, increasing wages and drawing people into the labor market. The OECD projects GDP growth to edge up from 2.5% in 2023 to 2.6% in 2024 before slowing to 1.8% in 2025. General government debt increased to 122% of GDP in 2023, its highest level since World War II and the fourth highest in the OECD. Achieving fiscal sustainability is a priority, and a steady multi-year fiscal adjustment is recommended. Competition in some parts of the economy has weakened, making it important for the United States to maintain and strengthen open investment and trade policies. Efforts to achieve climate goals, including achieving net zero emissions by 2050, are underway, but additional policies will likely be needed. The Survey was presented by OECD Secretary-General Mathias Cormann and Chair of the White House Council of Economic Advisers Jared Bernstein.
#UsEconomy #Covid19 #GdpGrowth #GovernmentDebt #FiscalSustainability #Competition #Investment #Trade #ClimateGoals #NetZeroEmissions
https://www.miragenews.com/us-key-policy-priorities-public-finances-1263128/
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