OECD - Latest News [Page 1]

OECD GDP Falls By 1.8% In The First Quarter Of 2020

Wednesday, 27 May 2020, 7:19 am | OECD

Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the OECD area fell by 1.8% in the first quarter of 2020, the largest drop since the 2.3% contraction in the first quarter of 2009 at ... More >>

OECD Countries Invite Costa Rica To Join As 38th Member

Saturday, 16 May 2020, 7:03 am | OECD

OECD countries unanimously decided today to invite Costa Rica to become a member of the Organisation. Costa Rican President Carlos Alvarado Quesada and OECD Secretary-General Angel Gurría will sign an Accession Agreement in the coming days. Costa Rica’s ... More >>

OECD Postpones 2020 Ministerial Council Meeting And Forum Due To Coronavirus Precautions

Thursday, 7 May 2020, 8:12 am | OECD

In keeping with measures being taken around the world to slow the spread of the coronavirus, the OECD has taken the decision to postpone OECD Week 2020 – made up of its annual Ministerial Council Meeting (MCM) and public OECD Forum – from More >>

Energy Prices Cause Sharpest Slowdown In OECD Annual Inflation Since The Financial Crisis

Wednesday, 6 May 2020, 4:07 pm | OECD

Annual inflation in the OECD area slowed significantly to 1.7% in March 2020, compared with 2.3% in February, the largest deceleration since the financial crisis, as energy prices fell by (minus) 3.6% in March following a rise of 2.3% in February. Food price ... More >>

OECD Study On Internet Traffic During The Covid-19 Crisis

Thursday, 30 April 2020, 7:32 am | OECD

A short OECD study of Internet use during the Covid-19 crisis shows that traffic through Internet exchange points, where networks interconnect, has jumped by as much as 60% in OECD countries as a majority of people are now working, studying, streaming ... More >>

Global OECD Welcomes Colombia As Its 37th Member

Wednesday, 29 April 2020, 8:51 am | OECD

Today Colombia has formally become an OECD Member, the 37th country to do so in the Organisation’s near 60-year history. Colombia has now completed its domestic procedures for ratification of the OECD Convention and deposited its instrument of ... More >>

Covid-19 Crisis Underscores Need To Address Trade In Fake Pharmaceuticals, Say OECD & EUIPO

Wednesday, 22 April 2020, 7:04 am | OECD

Recent seizures of fake medical supplies being marketed as protection against Covid-19 underscore the need to address a growing international trade in counterfeit pharmaceuticals that is costing billions of euros a year and putting lives at risk, according to ... More >>

Provisional Data Point To Significant Rise In Unemployment Due To The COVID-19 Shock

Friday, 10 April 2020, 10:41 am | OECD

The measures put in place by national governments to reduce the spread of the Coronavirus (COVID-19) are limiting the ability of national statistical offices to produce high quality statistics, including in the form of lower response rates. While data for ... More >>

OECD Consumer Prices In The Wake Of The Covid-19 Pandemic

Friday, 3 April 2020, 6:01 pm | OECD

OECD annual inflation slowed marginally to 2.2% in February 2020 but provisional data for March show a significant further slowdown in the Euro area, in the wake of the Covid-19 pandemic Prior to the widespread outbreak of Covid-19 among most More >>

OECD Updates G20 Summit On Outlook For Global Economy - Cancels And Replaces

Saturday, 28 March 2020, 12:39 pm | OECD

CANCELS AND REPLACES Read Secretary-General Gurría’s full statement to the G20 here OECD updates G20 summit on outlook for global economy Efforts to contain virus and save lives should be intensified, and governments should plan stronger, more ... More >>

OECD Secretary-General: Coronavirus “war” Demands Joint Action

Sunday, 22 March 2020, 11:23 am | OECD

OECD Secretary-General: coronavirus “war” demands joint action Commits policy support, saying efforts must have “Ambition of Marshall Plan, vision of New Deal” OECD Secretary-General Angel Gurría called today for sweeping joint action by governments ... More >>

Release Of OECD Composite Leading Indicators Cancelled For March 2020

Tuesday, 10 March 2020, 9:07 am | OECD

The release of the OECD Composite leading indicators (CLIs), originally scheduled for 9 March 2020, has been cancelled. The next release will be 8 April 2020. OECD’s CLIs are designed to anticipate turning points in economic activity. They are constructed ... More >>

Global Economy Faces Gravest Threat Since The Crisis As Coronavirus Spreads

Tuesday, 3 March 2020, 8:47 am | OECD

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. Covid-19 is spreading from China to other regions causing human suffering and economic ... More >>

OECD Unemployment Rate Stable At 5.1% In December 2019

Wednesday, 12 February 2020, 2:21 am | OECD

The OECD unemployment rate remained stable at 5.1% in December 2019. Across the OECD area, 32.6 million people were unemployed, around the level before the financial crisis. In the euro area , the unemployment rate declined to 7.4% in December (from ... More >>

Tax challenges from digitalisation

Saturday, 1 February 2020, 12:00 pm | OECD

International community renews commitment to multilateral efforts to address tax challenges from digitalisation of the economy More >>

Young people struggling in digital world, finds OECD survey

Wednesday, 4 December 2019, 8:25 am | OECD

One in four students in OECD countries are unable to complete even the most basic reading tasks, meaning they are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s ... More >>

Trade in counterfeit goods costs UK economy billions

Saturday, 30 November 2019, 11:35 am | OECD

Trade in counterfeit goods costs UK economy billions of euros, says OECD The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, ... More >>

Countries should strengthen pension systems to adapt

Thursday, 28 November 2019, 7:59 am | OECD

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new ... More >>

Weak trade and investment threaten long-term growth

Friday, 22 November 2019, 8:25 am | OECD

Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook . World GDP growth is expected to be 2.9% ... More >>

Children paying a high price for inequality

Wednesday, 20 November 2019, 8:54 am | OECD

Rising income inequalities in OECD countries over the past two decades have hit vulnerable children hard, making it less likely they will fulfill their economic and social potential later in life, according to a new OECD report. More >>