- — Rising economic and human costs from droughts worldwide require effective policies to limit losses and damage
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at 6/19/25 4:00amThe global land area affected by drought has doubled in the last 120 years. The cost of droughts has also risen sharply. An average drought in 2035 is projected to cost at least 35% more than it would today, according to a new OECD report. The OECD Global Drought Outlook: Trends, Impacts and Policies to ...- — IMF says July forecasts to take into account trade deals, uncertainty
- at 6/13/25 3:00pmThe International Monetary Fund said on Thursday that its next global growth forecast in July will take into account both positive and negative trade developments but declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this week. IMF spokesperson Julie Kozack said that since the last release of the ...
- — IMF says Ukraine should continue push to reach deal on GDP warrants
- at 6/13/25 11:00amThe International Monetary Fund said on Thursday that Ukraine should continue with good faith efforts to reach an agreement with investors holding its GDP warrants after it defaulted on a payment on the growth-linked fixed income instruments in May. We encourage the Ukrainian authorities and their creditors to continue to make progress toward reaching an ...
- — Accelerated climate action can be a driver of growth and development
- at 6/11/25 4:00amAmbitious climate targets that are underpinned by robust implementation and investment plans can provide economic opportunities, unlock investment, and support sustainable development and growth, while facilitating low-emission transitions, according to a new joint report by the OECD and the United Nations Development Programme (UNDP). Investing in Climate for Growth and Development: The Case for Enhanced ...
- — OECD headline inflation stable at 4.2% in April 2025
- at 6/10/25 11:00amYear-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was stable at 4.2% in April 2025 (Figures 1 and 2). Among OECD countries, headline inflation rose in about as many countries (11) as it fell (12), and was stable or broadly stable in the remaining 15 countries. Latvia and the United ...
- — Global Economic Outlook Shifts As Trade Policy Uncertainty Weakens Growth
- at 6/3/25 3:00pmGlobal economic prospects are weakening, with substantial barriers to trade, tighter financial conditions, diminishing confidence and heightened policy uncertainty projected to have adverse impacts on growth, according to the OECD’s latest Economic Outlook. The Outlook projects global growth slowing from 3.3% in 2024 to 2.9% in both 2025 and 2026. The slowdown is expected to ...
- — Co-ordinated efforts needed to strengthen and diversify supply chains in response to elevated risks
- at 6/2/25 3:00pmRecent disruptions, transport network bottlenecks and rising concerns about economic security all point to the need to strengthen and diversify supply chains. However, simply re-localising all production within national borders would harm growth and undermine, rather than strengthen, supply chain resilience, according to a new OECD report. The OECD Supply Chain Resilience Review emphasises the ...
- — Debt is Higher and Rising Faster in 80 Percent of Global Economy
- at 6/1/25 3:00pmGlobal public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according to projections in our latest Fiscal Monitor. The rising ratio of public debt to GDP reflects renewed economic pressures as well as the consequences of pandemic-related fiscal support, according to our ...
- — IMF nudges up UK’s 2025 growth forecast, sees ‘significant risks’ to deficit goals
- at 5/27/25 3:00pmThe International Monetary Fund nudged up its growth forecast for Britain this year in a regular assessment of the countrys economy, and it urged finance minister Rachel Reeves to stick to her plans to lower public borrowing. Growth this year is now forecast to be 1.2%, marginally higher than the 1.1% it predicted in April, ...
- — G20 merchandise trade rises amid uncertainty in Q1 2025, while services trade growth remains uneven
- at 5/27/25 4:00amG20 merchandise trade increased in Q1 2025, as measured in current US dollars, with exports and imports rising by 2.0% and 3.1%, respectively, compared with Q4 2024. The rise in exports is mostly attributed to the European Union, while imports were driven by the United States (Figure 3). Preliminary estimates indicate a mixed picture for ...
- — OECD GDP growth slows abruptly to 0.1% in the first quarter of 2025
- at 5/26/25 3:00pmGross domestic product (GDP) in the OECD rose by just 0.1% in the first quarter of 2025, significantly down from an 0.5% rise in the previous quarter, according to provisional estimates (Figure 1). This figure represents a departure from the higher and relatively stable growth rates recorded in the OECD area over the past two ...
- — IMF urges sustained French budget squeeze to rein in deficit
- at 5/22/25 3:00pmFrance needs to make a new and sustained push to rein in its budget deficit and get its rising debt under control, the International Monetary Fund said on Thursday in an annual review of the French economy. The French government is struggling to get its public finances back under control after spending spiralled higher last ...
- — IMF’s Gopinath urges US to curb fiscal deficit, FT reports
- at 5/21/25 3:00pmInternational Monetary Fund First Deputy Managing Director Gita Gopinath said U.S. fiscal deficits are too large and the country needs to tackle its ever-increasing debt burden, according to an interview published by the Financial Times on Wednesday. Gopinath told the FT that the U.S. was still impacted by very elevated trade policy uncertainty despite positive ...
- — OECD unemployment rate broadly stable at 4.9% in March 2025
- at 5/15/25 11:00amThe OECD unemployment rate remained broadly stable at 4.9% in March 2025, having been at or below 5.0% since April 2022 (Figure 1 and Table 1). Compared with February 2025, March unemployment rates were unchanged in 23 OECD countries, rose in 5, and declined in 4. Five OECD countries recorded a monthly unemployment rate close ...
- — Global trade in fake goods reached USD 467 billion, posing risks to consumer safety and compromising intellectual property
- at 5/13/25 3:00pmThe global trade in counterfeit goods remains a major threat to economies, consumers and supply chains worldwide, according to a new OECD–EUIPO report. Based on the latest available data, counterfeit goods accounted for an estimated USD 467 billion in global trade in 2021. Since then, the same underlying patterns and risks have continued to drive ...
- — Real household income grew in 2024 in most OECD countries
- at 5/13/25 11:00amReal household income per capita in the OECD increased by 0.5% in the fourth quarter of 2024, compared with 0.2% in the previous quarter, while real GDP per capita grew by 0.4% (Figure 1). In 2024 as a whole, real household income per capita grew 1.8% in the OECD, slightly up from 1.7% in 2023 ...
- — IMF’s Georgieva says IMF has been vocal about China’s need to change economic model
- at 5/6/25 3:00pmInternational Monetary Fund Managing Director Kristalina Georgieva said the IMF has been vocal about its policy prescriptions for China to move away from an export-led growth model. Asked at the Milken Institute Global conference in the Los Angeles area whether the IMF needed to get tougher on China as a result of U.S. Treasury Secretary ...
- — IMF trims 2025 Middle East, North Africa growth forecast to 2.6% as global risks mount
- at 5/2/25 3:00pmThe International Monetary Fund said on Thursday it now expects Middle East and North Africa economies to grow by just 2.6% in 2025 as uncertainties stemming from a global trade war and weaker oil prices weigh on the region. The fresh projection marked a sharp downgrade from its October projection of 4% growth and comes ...
- — US exit from IMF would be true dollar shock
- at 4/29/25 11:00amThe U.S. dollar has suffered its worst start to any year since 1989 as the Trump administration has put forward once unthinkable economic policies, unnerving global investors. But one proposed shift would be of a different order altogether: an exit by the U.S. from the International Monetary Fund. Sweeping global trade barriers, broken alliances and ...
- — Asian central banks have space to ease rates to soften US tariff hit, IMF official says
- at 4/27/25 11:00amMany Asian central banks have room to ease monetary policy to cushion the blow to their economies from U.S. tariffs, a senior International Monetary Fund official said on Thursday, after the fund cut its GDP estimates for the export-driven region. In its latest reference forecasts, the IMF said it expected Asias economic growth to slow ...
- — China has scope to ramp up stimulus, fix property woes, IMF says
- at 4/25/25 11:00amChina needs to do more to address its property-sector problems and has scope to provide more stimulus to boost consumption, Krishna Srinivasan, director of the International Monetary Funds Asia and Pacific Department, said. Srinivasan welcomed measures taken by Beijing so far to fix its property sector as steps in the right direction but not sufficient. ...
As of 6/21/25 2:08am. Last new 6/19/25 7:46am.
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