OECD Economic Surveys United States 2024 is popular PDF and ePub book, written by OECD in 2024-06-25, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, OECD Economic Surveys United States 2024 can be Read Online from any device for your convenience.
OECD Economic Surveys United States 2024 Book PDF Summary
The United States economy has continued to expand at a solid pace and price pressures have eased somewhat. However, a sustained fiscal deficit has contributed to raising public debt as a share of GDP to its highest level since World War II, with a further substantial increase in prospect over coming decades as the population ages. To put the public finances on a more sustainable path, a multi-year fiscal adjustment should be enacted that achieves savings on pensions and healthcare and raises taxation, including on capital incomes. A more medium-term oriented and less complicated federal budgeting process would support this. At the same time, economic growth would benefit from productivity enhancing reforms that promote competition, including through maintaining international trade openness and reinforcing relevant skills in the workforce. Efforts to reduce greenhouse gas emissions have accelerated, but further policy measures will be needed to achieve emission reduction targets. Policy options include a package of broad-based carbon pricing, taxes and sectoral policies. As the climate transition further progresses, additional measures will be needed to support displaced workers from fossil fuel industries and for climate adaptation. SPECIAL FEATURE: MANAGING FISCAL PRESSURES IN THE UNITED STATES
Detail Book of OECD Economic Surveys United States 2024 PDF
- Author : OECD
- Release : 25 June 2024
- Publisher : OECD Publishing
- ISBN : 9789264558472
- Genre : Uncategoriezed
- Total Page : 146 pages
- Language : English
- PDF File Size : 10,5 Mb
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