Executive summary
Chapter 1. Restoring macroeconomic and financial stability
-Unwinding imbalances
-Resolving the banking crisis
-Financial regulation and supervision
-Macroeconomic stability and macro-prudential policy
-The housing market needs to be reformed
-Potential output is crucial for the outlook
-Bibliography
Chapter 2. Rebuilding the public finances.
-Fiscal conditions have deteriorated abruptly
-Revenues need to be raised and the tax system reformed
-Reducing public spending and increasing efficiency
-Strengthening fiscal rules and institutions
-Bibliography
Chapter 3. The labour market: Getting people into work.
-Short-term labour market adjustment
-High levels of unemployment will be hard to cut
-Migration has begun to reverse
-Policies to raise employment in the long term
-Bibliography
Chapter 4. Boosting competitiveness and raising living standards
-Competition is weak in some sectors
-The infrastructure has improved but further investment is required
-Education and skills are the key to long-run growth
-Research and development (R&D) activity has increased
-Sustainable development and climate change
-Bibliography
-Annex 4.A1. Progress in structural reform