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OECD BUSINESS AND FINANCE OUTLOOK
HIGHLIGHTS24 June 2015Adrian Blundell-Wignall
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Thinking about over-investment - Companies’ capital expenditure rate greater in emerging economies for general industry
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Emerging markets’ ROEs falling versus the cost of equity in general industry – opening a value creation gap
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Productivity of sales versus value added in advanced and emerging country infrastructure and general industrial companies
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US general industrial companies: Operating cash is rising and buybacks are huge
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Low interest rates could persist for a long time
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Changes in retirement income as interest rates change
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Evolution of the present value of a hypothetical fixed cash flow promise payable over 20 years when interest rates fall
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Drop in interest rates increases exposure to longevity risk of mortality tables across countries – average shortfall for females, age 65
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Private funds versus regulated funds
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Covenant Protection Index and selected covenant frequency
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Thank you
Find the OECD Business and Finance Outlook online
www.oecd.org/finance/oecd-business-finance-outlook.htm