The report takes a look at the macro-economic outlook for
2017-2018, as analysed by the OECD. The conclusion is that the ongoing
economic recovery continues to be slow, sluggish and fragile and
that the slightest negative shock could trigger a new downturn.
It is therefore important for public policymakers to use their increased
fiscal space to carry out structural reforms and break out of this
The report also examines the progress made in taxation, through
the introduction of exchanges of information, which have already
helped, thanks to greater transparency, to fight against international
tax evasion. The BEPS project, which is designed to prevent base
erosion and the shifting of the profits of multinational companies,
also contributes to this progress. The redefinition of the international
tax system appears to be well under way and is, for the time being,
an example of successful multilateralism.
The report considers the link between inequalities and growth
as well as youth employment in the OECD before presenting a summary
of the activities of OECD parliamentary groups. With regard to inequalities,
the report calls on the OECD to continue its work on the link between
inequalities in wealth and growth.