Supporting stability

OECD Observer
Page 7 

The events of 11 September were a stark reminder that international stability can never be taken for granted. But “people should be reassured that governments have taken the necessary steps to maintain stability and will continue to co-operate to minimise the negative economic effects,” OECD secretary-general, Donald Johnston said on 1 October.

“The OECD’s expertise, committees and instruments of co-operation will be very effective in efforts to combat terrorist activities, to address the conditions that can lead to support for terrorism and to mitigate the negative impacts flowing from recent terrorist events.” Much OECD work already addresses important subjects that can help, such as financial security and the fight against money laundering, data protection and cyber-security, and biohazards and chemical safety. The organisation also fosters co-operation among aid donors, helping to boost development and reduce the poverty that can lead to support for terrorism. “It is clear that OECD countries see an open multilateral economic trade and investment system as a strong impulse to growth and development,” Mr Johnston said.

©OECD Observer No 229, November 2001

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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