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Angel Gurria, Secretary-General of the Organization for Economic Co-operation and Development (OECD), delivers a speech at the G20 High-Level Seminar on Structural Reform in Shanghai on Feb. 26, 2016.[Photo/CFP] |
Angel Gurria, OECD secretary-general
The problem is structural reforms are decelerating just at the time when they should be accelerating.
We are in the eighth year (after the global financial) crisis and we have not reached the 4 percent cruising speed that we had before the crisis. ... The speed, the appetite, the courage for reforms has waned. we should pick it up and do exactly the opposite... It should now be up to governments to stimulate the private sector so that it would invest again.
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