Rising social transfers and a booming labour market are underpinning rapid consumption growth. The unemployment rate is at a record low level, labour shortages are spreading, and there are economic survey of india 2016 pdf signs of accelerating wages.
The labour market is expected to tighten further, leading to somewhat fasterwage and price inflation. Unlike in many other countries poverty and income inequality have fallen, and large family benefits introduced in 2016 have helped to bring down child poverty further. They are also meant to promote fertility in the context of very rapid ageing. On the other hand, there is a risk that the benefits might induce less-skilled women to leave the labour market for longer after childbirth, shortening their contribution periods to pensions. Poland’s income convergence has mainly resulted from efficiency gains thanks to sectoral restructuring and foreign technology absorption. OECD average, Poland now needs to strengthen its technology adoption and own innovation capacity. For further information please contact the Poland Desk at the OECD Economics Department.
The OECD Secretariat’s report was prepared by Nicola Brandt, Antoine Goujard and Pierre Guérin, under the supervision of Peter Jarrett. Research assistance was provided by Patrizio Sicari and editorial assistance by Sylvie Ricordeau. Contact the United States Desk at the OECD Economics Department for further information. The Secretariat’s draft report was prepared for the Committee by Douglas Sutherland and Jonathan Millar, under the supervision of Patrick Lenain. Statistical research was provided by Damien Azzopardi and Mabel Gabriel with general administrative support provided by Raquel Páramo. The previous Survey of the United States was issued in June 2014. The past year has seen widespread economic and political change across the world.
High levels of construction activity and skills shortages, along with the knock-on effects of commodity market volatility and economic slowdown in China, are already having a significant impact on the costs associated with constructing real estate. Understanding how these changes can affect the delivery of major projects and programmes, both local and international, is key for investors and developers already operating in, or considering entering, the global construction industry. A full picture enables the right tactics to be deployed to manage risks, control costs and capitalise on opportunities. These markets are mostly less volatile owing to their diversity and maturity, protecting against instability.
Asian growth, which revealed their unhealthy dependence on these macro-economic, and sometimes political, factors. The economies affected by these have generally cooled as low market confidence has delayed new investment. New ways of thinking Both of these contrasting situations require the industry to adapt and evolve to new circumstances, and think differently about how projects and programmes are set up and delivered. For example, when it comes to cost performance one of the biggest opportunities for improvement lies in innovation, knowledge and capability deep within the supply chain, typically within the manufacturing, production and logistics areas. Becoming data-centric is key for the industry to add value and drive efficiency in performance. There is also movement towards integrated design using consistent data to optimise how buildings, infrastructure and utilities are planned, designed, built and managed. Focusing on how best to engage the supply chain to achieve better project outcomes is key.