Angel Gurria

The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said.

As world leaders brandish a hard-fought new set of global goals designed to improve lives in all countries, the question of who foots the trillion-dollar bill remained open on Saturday as financial pledges started rolling in.

India has the lowest income inequality among all emerging economies, but it is much higher than most of the advanced economies, the Organisation for Economic Cooperation and Development (OECD) said on Thursday.

Angel Gurria, head of the Paris-based Organisation for Economic Cooperation and Development (OECD), encouraged ECB President Mario Draghi to "go as far as he can" but added: "There's only so much central banks can do. Basically all they can do is wait until the governments do the right thing."

Australian Prime Minister Tony Abbott today said that the leaders of the world's most powerful economies should use this weekend's G20 summit to close corporate tax loopholes that cost countries billions of dollars in revenue.

Revising its forecast downwards, the Organisation for Economic Co-operation and Development (OECD) on Thursday projected a 5.4 per cent growth for the Indian economy this year as global recovery continues at a moderate pace.

The global economy may be in a better shape after its worst-ever crisis, but it is no time to relax, and governments as well as business leaders must persist with job creation, income and gender diversification as also to meet aspirations of the youth to keep up the growth momentum.

Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development (OECD) speaks to NDTV on the sidelines of the World Economic Forum 2013 about recovery in global, US and European economies. Here is the edited transcript of the interview:

The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said.

As world leaders brandish a hard-fought new set of global goals designed to improve lives in all countries, the question of who foots the trillion-dollar bill remained open on Saturday as financial pledges started rolling in.

India has the lowest income inequality among all emerging economies, but it is much higher than most of the advanced economies, the Organisation for Economic Cooperation and Development (OECD) said on Thursday.

Angel Gurria, head of the Paris-based Organisation for Economic Cooperation and Development (OECD), encouraged ECB President Mario Draghi to "go as far as he can" but added: "There's only so much central banks can do. Basically all they can do is wait until the governments do the right thing."

Australian Prime Minister Tony Abbott today said that the leaders of the world's most powerful economies should use this weekend's G20 summit to close corporate tax loopholes that cost countries billions of dollars in revenue.

Revising its forecast downwards, the Organisation for Economic Co-operation and Development (OECD) on Thursday projected a 5.4 per cent growth for the Indian economy this year as global recovery continues at a moderate pace.

The global economy may be in a better shape after its worst-ever crisis, but it is no time to relax, and governments as well as business leaders must persist with job creation, income and gender diversification as also to meet aspirations of the youth to keep up the growth momentum.

Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development (OECD) speaks to NDTV on the sidelines of the World Economic Forum 2013 about recovery in global, US and European economies. Here is the edited transcript of the interview: