What a difference three years makes: How the OECD’s public and private sectors have fared
Last month, the OECD published its latest Economic Outlook, which downgraded expectations for rich-country growth this year. This post digs a little deeper into the OECD database and compares how the private and public sectors have changed over the past three years. It finds that the private sector is paying more to get less in most countries – except the US, Japan and Ireland. It also finds an effective stimulus in the OECD of about 6% of GDP in 2010, compared to 2007. This is largest and – as spending-led – perhaps least sustainable in Ireland and in Denmark. Read more