BERLIN: Germany should pursue reforms to narrow the social divide in employment and pave the way for more sustainable growth, the Organisation for Economic Co-operation and Development (OECD) said yesterday.
Europe’s biggest economy has proved resilient amid global financial turmoil and the eurozone debt crisis, and German unemployment stands at post-unification lows even as job losses mount elsewhere in Europe.
“Germany is doing very well, but our aim is to make sure that everybody is on board,” OECD Secretary General Angel Gurria said at a news conference with German Economy Minister Sigmar Gabriel in Berlin.
The OECD’s Economic Survey on Germany said the social mobility of low-earners in the labour market had shrunk. The OECD urged Chancellor Angela Merkel’s coalition government to take decisive action in this and other areas and promote a “more inclusive model of growth” based on good wages, a fair tax system and equal opportunities in education. Reuters
