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Ottawa, July 17 (Prensa Latina) Canada today shows a tendency to be in the saga of economic growth of rich countries over the next 40 years, according to a report by the United Nations Economic Cooperation and Development (OECD).
The text ensures that this forecast could be improved by adopting structural reforms in terms of retirement age or market regulation, although it warned that the country could also incur the costs of Protectionism.
Predictions show that emerging economies, led by India (164 percent), Indonesia (130 percent) and China (114 percent) will continue to experience real growth in gross domestic product Per capita over the next four decades, but they will slow as they develop.
By 2060, China and India will account for about 40% of the world economy, the equivalent of the 36 OECD countries, including the United States. -United.
The 50-page report does not include it stops in the particular case of Canada.
However, an examination of the main variables considered shows that its potential for economic growth seems to be lower than the others, particularly in terms of employment rates, investment The Nordic country has a level of wealth higher than the OECD average, with a GDP per capita purchasing power parity of just over 80% of the United States. United, against 29% in China, 64% in Spain, about 72% in France and Great Britain, 82% in Germany or 85% in Sweden.
Experts recommend that enforcement Reforms to make the domestic market more competitive could, for example, add 6.8% growth to 2060 in Canada.
Among these, they recommend adopting best practices in health and retirement, that would include indexing the retirement age on life expectancy .
This, they say, would reduce by approximately one-third the tax increases needed by Canadian governments to cope with the rising costs badociated with an aging population.
rgh / lr
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