- — OECD launches pilot to monitor application of G7 code of conduct on advanced AI development
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at 7/23/24 11:00amThe Organisation for Economic Co-operation and Development (OECD) announced a pilot phase to monitor the application of the Hiroshima Process International Code of Conduct for Organisations Developing Advanced AI Systems. This initiative will test a reporting framework intended to gather information about how organisations developing advanced artificial intelligence (AI) systems align with the Actions of ...- — IMF says U.S. should raise taxes, wait until late 2024 to cut rates
- at 7/18/24 11:00amThe International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until late 2024 and the government needs to raise taxes to slow the growing federal debt including on households earning less than President Joe Bidens $400,000-a-year threshold. The prescriptions came in the detailed staff report from the IMFs ...
- — IMF upgrades UK growth forecast in another boost to new Labour government
- at 7/17/24 3:00pmThe International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country’s new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. The upgrades come after ...
- — No rush for US Fed to cut rates, IMF’s chief economist says
- at 7/17/24 11:00amCooling inflation data is allowing the Federal Reserve to begin a very reasonable shift toward easing rates, but a still-strong U.S. labor market means that theres no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. Gourinchas said in an interview accompanying the release of new IMF growth forecasts on Tuesday ...
- — IMF sees steady global growth, warns of slowing disinflation momentum
- at 7/16/24 3:00pmThe global economy is set for modest growth over the next two years amid cooling activity in the U.S., a bottoming-out in Europe and stronger consumption and exports for China, but risks to the path abound, the International Monetary Fund said on Tuesday. The IMF warned in an update to its World Economic Outlook(WEO) that ...
- — IMF says emerging market capital inflows recover to 2018 levels
- at 7/12/24 3:00pmThe International Monetary Fund on Friday said that gross capital inflows into emerging markets excluding China last year rose to $110 billion or 0.6% of their economic output, the highest level since 2018. The findings, part of the IMFs External Sector Report on currency, capital flows and financial imbalances, show some resilience among emerging markets ...
- — OECD employment at record high while the climate transition expected to lead to significant shifts in labour markets
- at 7/12/24 4:00amOECD labour markets remain tight, with total employment higher than before the COVID-19 pandemic and the OECD unemployment rate close to its lowest level since at least 2001. Jobs growth has slowed, however, and real wages have recovered to pre-2020 levels in only 19 of the 35 OECD countries with available data, despite some catching ...
- — New OECD data highlight stabilisation in statutory corporate tax rates worldwide
- at 7/11/24 11:00amStatutory corporate tax rates are stabilising worldwide after a lengthy period of falling rates, according to new OECD data released today. The 2024 edition of OECD Corporate Tax Statistics shows that average statutory corporate income tax (CIT) rates have remained steady at 21.1% over the past three years. This follows a two-decade period that saw ...
- — Ukraine receives $2.2 bln from IMF, prime minister says
- at 7/3/24 3:00pmUkraine received a $2.2 billion disbursement from the International Monetary Fund on Wednesday, according to Prime Minister Denys Shmyhal. The transferred amount will help finance critical budget expenditures, social benefits, and salaries of doctors and teachers, Shmyhal said. The IMF approved this disbursement to Ukraine after a loan review last month. Source: Reuters (Reporting by ...
- — IMF approves $2.2 bln disbursement to Ukraine after loan review
- at 6/30/24 3:00pmThe International Monetary Fund on Friday said its executive board approved a $2.2 billion disbursement to Ukraine for budget support and urged external donors to keep up support for the war-torn country amid a deteriorating economic outlook. The IMFs approval of the fourth review of the four-year, Extended Fund Facility brings total disbursements to $7.6 ...
- — Action needed to address gaps in financial literacy among students
- at 6/28/24 4:00amMore than two-thirds of students regularly use financial products and services, but levels of financial literacy remain too low to ensure they can all avoid financial risks while benefiting from available opportunities, according to a new OECD report. Governments should seek to boost young people’s financial literacy, enabling them to better understand key financial concepts, ...
- — OECD increases engagement with Southeast Asia further – Opens accession discussions with Thailand
- at 6/19/24 11:00amThe Council of the OECD has decided to open accession discussions with Thailand, making it the second country from Southeast Asia to become an OECD accession candidate this year. The decision builds on many years of increasing co-operation and engagement with Thailand, including through two phases of a dedicated OECD-Thailand Country Programme since 2018, supporting ...
- — Students in high-performing education systems record top scores in new international creative thinking assessment
- at 6/18/24 3:00pmSingapore, Korea, Canada*, Australia*, New Zealand*, Estonia and Finland were the highest-performing education systems in the first-ever creative thinking assessment under the OECD’s Programme for International Student Assessment (PISA). Results of the global assessment, administrated in 2022 to better understand skills of 15-year-old students in 64 countries and economies worldwide, show that students in high-performing ...
- — OECD unemployment rate stable at 4.9% in April 2024
- at 6/14/24 7:00amThe OECD unemployment rate was stable at 4.9% in April 2024, remaining below or at 5.0% since April 2022. In April, the rate was unchanged in 25 OECD countries, declined in 4 countries, and rose in 3. Five OECD countries recorded a rate below or equal to 3.0% including Japan, Mexico, Czechia, and Korea while ...
- — G20 GDP growth picks up a little in the first quarter of 2024
- at 6/13/24 3:00pmGross domestic product (GDP) in the G20 area grew by 0.9% quarter-on-quarter in the first quarter of 2024 according to provisional estimates, slightly up from 0.7% in the previous quarter. The economic performance of the G20 area was mainly driven by China and India in Q1 2024.[1] Both countries, along with Türkiye, Saudi Arabia, Korea ...
- — Share of OECD economies in global GDP broadly stable at 46% in 2021 compared to 2017
- at 6/3/24 3:00pmThe International Comparison Program (ICP) released its 2021 and revised 2017 results today. The ICP is a worldwide statistical partnership which produces purchasing power parities (PPPs) and comparative price levels for participating economies to compare their size of Gross Domestic Product (GDP) and its main components internationally, taking account of differences in price levels. The ...
- — Seeking OECD membership, Indonesia reviews economic policies
- at 5/29/24 3:00pmIndonesia will start reviewing a wide range of economic policies as it seeks to become the first Southeast Asian member of Organisation for Economic Co-operation and Development (OECD), a senior minister said on Wednesday. Indonesia has set a target to become an OECD member within three years, after the Paris-based group opened accession discussions with ...
- — Developed countries materially surpassed their USD 100 billion climate finance commitment in 2022 – OECD
- at 5/29/24 3:00pmDeveloped countries provided and mobilised USD 115.9 billion in climate finance for developing countries in 2022, exceeding the annual 100 billion goal for the first time and reaching a level that had not been expected before 2025. According to new figures from the OECD, in 2022 climate finance was up by 30% from 2021, or ...
- — Germany should consider easing debt brake, says IMF
- at 5/28/24 11:00amGermany faces rising spending pressures and the government should consider easing the debt brake, the International Monetary Fund said on Tuesday, but finance ministry sources said such a move carried the risk of fuelling inflation. Altering the rules of the debt brake, which limits public deficits to 0.35% of gross domestic product, would require a ...
- — OECD GDP growth shows little change in the first quarter of 2024
- at 5/27/24 3:00pmGross domestic product (GDP) in the OECD rose by 0.4% in the first quarter of 2024, slightly up from 0.3% recorded in the previous quarter, according to provisional estimates. While the GDP growth rate for the OECD as a whole changed little in Q1 2024, the economies of three-quarters of the OECD countries for which ...
- — Growth of digital economy outperforms overall growth across OECD
- at 5/17/24 7:00amThe information and communication technology (ICT) sector grew by an average of 6.3% between 2013 and 2023, about three times faster than the total economy across the 27 OECD countries analysed. The first volume of the OECD Digital Economy Outlook 2024 released today also shows the ICT sector maintained this strong performance during 2023 with ...
As of 7/26/24 11:29pm. Last new 7/23/24 1:01pm.
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