Launch of the OECD’s 2016 Economic Survey of the United States


June 16, 2016, 2:30 PM to 4:00 PM EDT
PIIE Webcast, Washington, DC
Ángel Gurría (Organization for Economic Cooperation and Development), Jason Furman (Council of Economic Advisers), Daniel W. Yohannes (US Ambassador to the OECD) and Adam S. Posen (PIIE)

Event Summary

Ángel Gurría, secretary-general of the Organization for Economic Cooperation and Development (OECD), presented the OECD’s 2016 Economic Survey of the United States at a joint event held with the Peterson Institute for International Economics (PIIE) on June 16, 2016. Jason Furman, chairman of the White House Council of Economic Advisers, and Adam S. Posen, PIIE president, provided comments.

The OECD’s 2016 US survey finds substantial progress seven years after the financial crisis: Output has surpassed its precrisis peak by 10 percent, unemployment has declined sharply, and fiscal sustainability has been largely restored. Productivity has slowed, however, while income inequality continues to increase and women continue to receive lower salaries than men. As a result, the survey provides suggested reforms on how to boost productivity growth and make growth more inclusive across socioeconomic groups.

Secretary-General Ángel Gurría has served in this capacity at the OECD since June 2006. Gurría has served as the Mexican secretary of foreign affairs (1994–97) and as secretary of finance (1998–2000). He was formerly president and CEO of the National Development Bank of Mexico (Nafin) and president and CEO of the Foreign Trade Bank (Bancomext).

Jason Furman was confirmed by the Senate in August 2013 as the 28th chairman of the US Council of Economic Advisers. Furman previously held the position of principal deputy director of the National Economic Council and assistant to the President. He held a variety of posts in public policy and research before joining the Obama administration, including senior staff positions at both the Council of Economic Advisers and National Economic Council during the Clinton administration and also at the World Bank.