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OECD - Latest News [Page 6]
Building Confidence Crucial Amid An Uncertain Economic Recovery, Says OECD
Thursday, 17 September 2020, 9:01 am | OECD
With the COVID-19 pandemic continuing to threaten jobs, businesses and the health and well-being of millions amid exceptional uncertainty, building confidence will be crucial to ensure that economies recover and adapt, says the OECD’s Interim ... More >>
Unprecedented Falls In GDP In Most G20 Economies In Second Quarter Of 2020
Tuesday, 15 September 2020, 7:53 am | OECD
COVID-19 containment measures weighed heavily on economic activity in the second quarter of 2020, with unprecedented falls in real gross domestic product (GDP) in most G20 countries. For the G20 area as a whole, GDP dropped by a record (minus) ... More >>
More Can Be Done To Ensure A Green Recovery From COVID-19 Crisis, Says OECD
Tuesday, 15 September 2020, 7:25 am | OECD
Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing ... More >>
OECD Unemployment Rate Falls To 7.7% In July 2020, Remains 2.5 Percentage Points Higher Than In Feb
Thursday, 10 September 2020, 8:40 am | OECD
The OECD area unemployment rate fell to 7.7% in July 2020, from 8.0% in June, but remained 2.5 percentage points above the rate in February, before the COVID-19 pandemic hit the labour market. The monthly fall for the OECD as a whole masks strong regional ... More >>
Education Critical To Build A More Resilient Society, Says OECD
Wednesday, 9 September 2020, 7:18 am | OECD
The COVID-19 crisis has exposed the many inadequacies and inequities in education systems around the world. As governments start rebuilding their economies and people’s livelihoods, it is critical that long-term public spending on education remain a ... More >>
CLIs Continue To Strengthen But At A Slowing Pace
Wednesday, 9 September 2020, 7:05 am | OECD
Although OECD Composite leading indicators (CLIs) for August continued to strengthen from the Covid-19 crisis lows, the pace of recovery has slowed and CLIs remain below the levels recorded prior to the initial COVID-19 outbreak. The moderation in the ... More >>
Countries Have Responded Decisively To COVID-19 Crisis, But Face Significant Fiscal Challenges Ahead
Friday, 4 September 2020, 7:40 am | OECD
Governments have taken unprecedented fiscal action in response to the COVID-19 crisis, but countries will need to support economic recovery in the face of significantly increasing fiscal challenges, according a new OECD report . Tax Policy Reforms 2020 ... More >>
G20 International Merchandise Trade Collapsed In April 2020 But Began To Recover In May And June
Friday, 28 August 2020, 8:04 am | OECD
COVID19 measures introduced in most countries sent G20 merchandise trade plummeting in the second quarter of 2020. Compared with the first quarter of 2020, exports fell by 17.7% and imports by 16.7%, the largest fall since the 2009 financial crisis. ... More >>
Unprecedented Fall In OECD GDP By 9.8% In Q2 2020
Thursday, 27 August 2020, 5:37 am | OECD
Following the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional estimates. ... More >>
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 >>
