Executive Summary
Assessment and Recommendations
Chapter 1. Key Challenges
-In the Short Term, the Key Challenge is to Stem the Rise in Inflationary Pressures
-Monetary and Financial Conditions Have Become Tighter
-In the Short-Term, Fiscal Policy Will Moderate Demand Pressures
-Medium-Term Fiscal Management Needs to be Improved
-A Comprehensive Review of the Tax System is Under Way
-Raising Productive Capacity and Enhancing Market Flexibility
-Annex 1.A1. Progress in Structural Reform
Chapter 2. Raising Labour Supply
-Meeting the Supply Potential
-Immigration: An Additional Potential Source of Skilled Labour
-Summing Up
Chapter 3. Enhancing Educational Performance
-The Provision of Educational Services
-Certain Educational Outcomes are Good, but there is Scope for Improvement
-Reforms to Enhance the Performance of the Education System
-Summary of Recommendations
Chapter 4. Enhancing the Functioning of Product and Labour Markets
-Product Market Regulations should be Improved
-Regulations Must Be Further Simplified and Harmonised
-Develop and Modernise Infrastructure in a more Integrated Nationwide Framework
-The Labour Market Must Remain Flexible
-Evaluation and Recommendations
Chapter 5. Improving Water Management
-Water Resources are Over-Exploited and Poorly Used
-Reforms and their Implementation
-Accelerating the Implementation of Reforms
-Conclusions and Recommendations
-Annex 5.A1. Definition of some Technical Terms
Glossary