// ECONOMIC AND SOCIAL SECURITY: MACROECONOMIC AND FINANCIAL POLICY
Stronger together: Harnessing the economic power of multilateralism
G overnments across the G7, and beyond, are navigating a complex global environment, heightened policy uncertainty and geopolitical ten- sions. Although the global economy remained resilient in 2024, the out- look has become more challenging, with declines in business and consumer confi- dence and increases in barriers to trade. Ambitious reforms will be needed to unlock stronger growth, from regula- tory reforms to boost competition and reduce red tape, to enhanced educa- tion and training, to sound, well-targeted investments in infrastructure and inno- vation. In parallel, our economies and societies are undergoing structural trans- formations that will require our policy frameworks to adapt. The rapid ageing of our populations will require measures to strengthen our pension and healthcare systems, while boosting labour market participation and productivity. For the digital transformation to reach its full potential, governments need to address barriers to the adoption of technologies like artificial intelligence, while address- ing potential risks, including privacy protection. The green transition can help enhance energy security, affordability and
From drawing on the benefits of human-centred AI to strengthening critical mineral supply chains and supporting Ukraine’s recovery, the OECD and G7 members can work together to shape a more resilient, inclusive future
Mathias Cormann, OECD secretary general
36 // G7 CANADA: THE KANANASKIS SUMMIT 2025
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