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This is the seventh edition of Society at a Glance, the OECD’s biennial overview of social indicators. As with its predecessors, this report addresses the growing demand for quantitative evidence on social well-being and its trends across OECD countries. It updates some indicators included in the previous six editions and introduces several new ones. Data for the other economies that are members of the G20 are included separately where available.
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The year 2014 is starting, with the perspective of a more widespread and sustainable recovery from the Great Recession. True, risks remain, and the pace of progress still varies widely: in the Eurozone, for instance, a number of economies remain in a fragile state. Nevertheless, the prospects for both the world economy and the OECD area look brighter than they have for some time.
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More than five years on from the financial crisis, high rates of joblessness and income losses are worsening social conditions in many OECD countries. The capacity of governments to meet these challenges is constrained by fiscal consolidation. However, cuts in social spending risk adding to the hardship of the most vulnerable groups and could create problems for the future. OECD countries can effectively meet these challenges only with policies that are well designed and backed by adequate resources. Having been spared the worst impacts of the crisis, major emerging economies face different challenges. However, the experience of OECD countries is relevant for emerging economies as they continue to build and crisis-proof their social protection systems.
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