OECD - Latest News [Page 1]

Korea: Keep Supporting People And The Economy Until Recovery Fully Under Way, Says OECD

Tuesday, 11 August 2020, 6:41 pm | OECD

Korea has limited the damage to its economy from the COVID-19 crisis with swift and effective measures to contain the virus and protect households and businesses. Support for workers and the export-dependent economy should continue, given falling ... More >>

OECD CLIs Continue To Strengthen From Crisis-low In All Major Countries

Tuesday, 11 August 2020, 4:59 am | OECD

Composite leading indicators (CLIs) for July continue to strengthen from the Covid-19 crisis lows across all major economies, but they remain below long-term trends and at levels lower than those recorded prior to the initial Covid-19 outbreak. Following ... More >>

Government Support Measures For Households Buffer The Economic Impacts Of COVID-19

Friday, 7 August 2020, 5:15 am | OECD

Despite a 2.0% fall in real GDP per capita, in the OECD area in the first quarter of 2020, real household income per capita, which provides a better picture of changes in households’ economic well-being, grew by 0.1%. Read the full release . See the ... More >>

OECD Annual Inflation Picks Up To 1.1% In June 2020

Wednesday, 5 August 2020, 5:20 am | OECD

Annual inflation in the OECD area picked up to 1.1% in June 2020, compared with 0.7% in May, after four consecutive months of decline. Energy prices decreased less in June (minus 9.5%) than in May (minus 13.7%) and food price inflation picked up ... More >>

South Africa: COVID-19 Pandemic Raises The Urgency Of Structural Reforms

Saturday, 1 August 2020, 6:45 am | OECD

South Africa responded swiftly to the COVID-19 pandemic, but the sharp drop in activity adds to long-standing challenges and raises the urgency of structural reforms, according to a new OECD report released today. In the latest Economic Survey of South Africa ... More >>

Greece’s Response To Covid Has Been Swift & Effective But Tackling Long-Standing Challenges Also Key

Thursday, 23 July 2020, 6:56 am | OECD

Greece has responded swiftly and effectively to the Covid-19 pandemic and has so far managed to contain the spread of infections, but the economy has been hit hard, adding to long-standing challenges, according to a new OECD report. In its latest ... More >>

Slovenia: Keep Supporting The Economy Until Growth Is Fully Restored, Says OECD

Tuesday, 21 July 2020, 6:23 am | OECD

After five years of robust growth that lifted employment, wages and well-being, Slovenia’s economy has been hit hard by the Covid-19 crisis. Further support to businesses and households may be needed to reinforce the recovery and avoid lasting ... More >>

Rising Uncertainties From COVID-19 Cloud Medium-term Agricultural Prospects

Friday, 17 July 2020, 6:30 am | OECD

The fight against the global COVID-19 pandemic is causing unprecedented uncertainties in global food supply chains, with potential bottlenecks in labour markets, input industries, agriculture production, food processing, transport and logistics, as ... More >>

International Community Continues Making Progress Against Offshore Tax Evasion

Wednesday, 1 July 2020, 6:22 am | OECD

The international community continues making tremendous progress in the fight against offshore tax evasion, as implementation of innovative transparency standards by the Global Forum on Transparency and Exchange of Information for Tax Purposes moves countries ... More >>

Covid-19 Hits G20 International Merchandise Trade In First Quarter

Friday, 29 May 2020, 7:46 am | OECD

G20 international merchandise trade. Quarterly percentage changes based on seasonally adjusted figures, in current prices and US dollars Covid-19 containment measures introduced in many countries in March 2020 hit G20 merchandise trade hard in the ... More >>

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 >>