Tag: oecd

  • Turkey is by far the country with the highest proportion of employees working very long hours

    Turkey is by far the country with the highest proportion of employees working very long hours

    According to the latest wellbeing survey conducted among the 35 OECD countries, Turkey is by far the country with the highest proportion of employees working very long hours, with almost half regularly working over 50 hours per week and nearly a fifth of employees working what are described as “long hours.”

    “Life satisfaction” in Turkey is also reported to have dropped 5 percent between 2007 and 2012, according to the study, titled “How’s Life.”

    Turkey is followed by Mexico and Israel in the proportion of employees working long hours, while in the Netherlands, Sweden and Denmark only around 1 percent or 2 percent of employees work over 50 hours per week on a regular basis. A similar pattern is also visible for Russia, the only emerging economy with available information.

    Over the past decade, the number of employees working long hours has remained broadly stable in the OECD area as a whole, with decreases in Denmark, Slovenia, Poland, Brazil, Israel and Turkey and increases in Luxembourg, Portugal, Chile and Mexico, the OECD said.

    The report attempts to count the human cost of the global financial crisis. The wide-ranging report ranks countries on a range of criteria from employment and health to crime and social engagement. The OECD said that while significant improvements had been made in the quality of life in member countries over the past 20 years, sizable differences between and within countries remain.

    Significant decrease in ‘life satisfaction’

    While Switzerland, Australia, Nordic European countries, as well as Canada, New Zealand and the U.K. are among the highest-performers, the U.S., Ireland, Luxembourg, Austria, Belgium, Finland, Germany, France, Japan, Korea, Spain, the Czech Republic, Italy, the Slovak Republic, Israel, Poland and Portugal display average performance. Turkey, Brazil, Mexico, Estonia, Hungary, Greece and Chile are among the countries with a relatively low performance, according to the survey data. Meanwhile, decreases in “life satisfaction” are especially visible in the eurozone, especially in countries most affected by the crisis, according to the report.

    Between 2007 and 2012, reported average life satisfaction declined by more than 20 percent in Greece, 12 percent in Spain, and 10 percent in Italy.

    However, moderate increases were recorded in Germany, Israel, Russia, Mexico and Sweden. Life satisfaction also declined in Hungary (6 percent), the United States (7 percent) and Turkey (5 percent), while life satisfaction increased in German, Israel, Mexico, the Russian Federation and Sweden. A significant increase in self-reported stress (more than 10 percentage points) was also observed in Finland, Hungary and Turkey.

    HDN

  • Turkey’s employment rise to be three times higher than Europe’s

    Turkey’s employment rise to be three times higher than Europe’s

    Turkey’s employment rise to be three times higher than Europe’s: OECD

    Turkey will also be the third after the U.S. and Mexico which will create highest employment opportunity among OECD countries.

    World Bulletin / News Desk

    isci

    According to predictions of OECD, 1.047 million more people will join labor force in Turkey in 2013 and 2014.

    This figure will be 372,973 in Europe in the same period.

    Turkey will also be the third after the U.S. and Mexico which will create highest employment opportunity among OECD countries.

    Currently, 159.6 million people are working in European zone which is comprised of 15 countries.

    via Turkey’s employment rise to be three times higher than Europe’s: OECD | Economy | World Bulletin.

  • OECD forecasts Turkey growth as 8.2 pc in 2010

    OECD forecasts Turkey growth as 8.2 pc in 2010

    The biannual OECD report on economic outlook by countries said Turkey’s recovery which started in the second quarter of 2009 has remained strong during 2010.

    Thursday, 18 November 2010 16:10

    oecdThe Organization for Economic Cooperation and Development, OECD, forecast that Turkey would grow by 8.2 percent in 2010, 5.3 percent in 2011 and 5.4 percent in 2012.

    The biannual OECD report on economic outlook by countries said Turkey’s recovery which started in the second quarter of 2009 has remained strong during 2010.

    “GDP growth is projected to exceed 8 percent this year, and to remain above 5 percent in 2011 and 2012 as the post-crisis rebound of exports, consumption and investment tapers off,” the report said.

    The authorities have announced that both fiscal and monetary policy will be tightened gradually, and a prudent medium-term economic program was published in October, it recalled.

    “Any additional gains from stronger-than-projected growth should be saved, to avoid pro-cyclical spending. Continuing with structural reforms to boost productivity and job creation in the formal sector would help anchor more balanced and sustainable growth,” it said.

    The report forecasts that Turkey’s current account deficit would increase until 2012. It estimates the deficit will stand at 5.1 percent this year, 5.7 percent in 2011 and at 6.3 percent in 2012.

    According to the OECD report, unemployment rate will be seen at 12 percent in 2010, and then show a gradual decline at 11.7 percent in 2011 and 11 percent in 2012.

    It also sees hike in consumer prices at 8.5 percent this year, 6.9 percent in 2011 and 6.4 percent in 2012.

    AA