The COVID-19 pandemic has led to the biggest global recession since the Second World War. Forecasts show the European Union underperforming economically relative to the United States and China during 2019–2023. Southern European countries have been particularly strongly affected. Some sectors...

In view of the close relationship between macro-economic performance, structural adjustment and international trade, the OECD Council established in 1979 a programme of work on Positive Adjustment Policies. Under this mandate, a Special Group of the Economic Policy Committee (under the...