- — Adult skills in literacy and numeracy declining or stagnating in most OECD countries
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at 1/12/25 11:00amLiteracy and numeracy skills among adults have largely declined or stagnated over the past decade in most OECD countries, according to the second OECD Survey of Adult Skills. Declines have been even larger and more widespread among low-educated adults. The Survey measured the skills of around 160 000 16-65 year-olds across 31 countries*. Twenty-seven of ...- — Year-on-year OECD headline inflation stable at 4.5% in November 2024
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at 1/10/25 11:00amYear-on-year inflation in the OECD, as measured by the Consumer Price Index (CPI), was stable at 4.5% in November 2024 compared with October (Figures 1 and 2). At country level the picture was more mixed, with inflation rising in 14 of 38 OECD countries including notable increases of 1.7 percentage points (p.p.) in Slovenia and ... - — Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports
- at 12/23/24 3:00pmA plan discussed by wealthy nations to throttle tens of billions of dollars in public support for oil and gas projects has broken down without agreement, Bloomberg News reported on Monday. The European Union, UK, the United States and other countries had sought the deal to limit export-credit agency finance for global fossil-fuel projects under ...
- — Ukraine says it received $1.1 billion from IMF in latest funding
- at 12/23/24 3:00pmUkraines prime minister Denys Shmyhal said on Monday the country had received $1.1 billion from the International Monetary Fund, which would be used for key budget expenditure. Finance Minister Serhiy Marchenko said Ukraine had already received $5.4 billion from the IMF so far this year. Kyiv relies heavily on foreign financial aid to cover social ...
- — IMF: The Third Phase of the G20 Data Gaps Initiative (DGI-3) Delivers Insights for Action
- at 12/19/24 3:00pmThe International Monetary Fund (IMF) published, on behalf of the Inter-Agency Group on Economic and Financial Statistics (IAG) and the Financial Stability Board (FSB), the Second Progress Report on the implementation of the Third Phase of the G20 Data Gaps Initiative (DGI-3). The report provides an update on the work undertaken since September 2023 to ...
- — G20 GDP growth continues at a stable pace in the third quarter of 2024
- at 12/12/24 3:00pmGross domestic product (GDP) in the G20 area rose by 0.7% in the third quarter of 2024, slightly up from the 0.6% growth rate recorded in the previous quarter1 according to provisional estimates. Quarterly G20 GDP growth rates have remained broadly stable since the second quarter of 2023. In Q3 2024, GDP growth remained stable ...
- — OECD unemployment rate remains stable at 4.9% in October 2024
- at 12/12/24 11:00amThe OECD unemployment rate remained unchanged at 4.9% in October 2024, having been at or just below 5.0% since March 2022 (Figure 1 and Table 1). Compared with September, October unemployment rates were unchanged in 19 OECD countries, declined in 7 and rose in 5. Five OECD countries recorded an unemployment rate below 3.0%; only ...
- — Adult skills in literacy and numeracy declining or stagnating in most OECD countries
- at 12/11/24 3:00pmLiteracy and numeracy skills among adults have largely declined or stagnated over the past decade in most OECD countries, according to the second OECD Survey of Adult Skills. Declines have been even larger and more widespread among low-educated adults. The Survey measured the skills of around 160 000 16-65 year-olds across 31 countries*. Twenty-seven of ...
- — Greece: More action needed to maintain strong growth and fiscal sustainability
- at 12/9/24 3:00pmGreece’s economy held up well during recent crises and has outpaced growth in the euro area since the global energy crisis. Further policy action is now needed to ensure continuing strong growth and fiscal sustainability, notably to keep public debt on a firmly declining path, according to a new OECD report. The latest OECD Economic ...
- — OECD headline inflation broadly stable at 4.5% in October 2024
- at 12/5/24 4:00amYear-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was broadly stable in October 2024, at 4.5% as compared to 4.4% in September after four consecutive months of decline. The number of OECD countries where inflation rose year-on-year (16) was slightly greater than the number of countries where it declined (14). ...
- — Economic Outlook: Global growth to remain resilient in 2025 and 2026 despite significant risks
- at 12/4/24 3:00pmThe global economy is projected to remain resilient despite significant challenges, according to the OECD’s latest Economic Outlook. The Outlook projects global GDP growth of 3.3% in 2025, up from 3.2% in 2024, and 3.3% in 2026. Inflation in the OECD is expected to ease further, from 5.4% in 2024 to 3.8% in 2025 and ...
- — OECD cuts 2025 forecast for German economy
- at 12/4/24 11:00amThe OECD has trimmed its forecast for German economic growth next year due to political uncertainty and tight fiscal policy, while still anticipating stagnation this year, it said on Wednesday. The worlds third-largest economy is expected to grow by 0.7% in 2025, down from a previously forecast 1.1%. In 2025, Germany will bring up the ...
- — Persistent Fall in Private Borrowing Brings Global Debt Down
- at 12/3/24 3:00pmGlobal debt decreased about one percentage point to 237 percent GDP. The values for 2023 are now available from the just released IMF’s Global Debt Database. Global private debt fell by 2.8 percentage points to 143 percent of GDP, below the 2019 level and more than compensated for the turning up in public debt. According ...
- — Generative AI set to exacerbate regional divide in OECD countries, says first regional analysis on its impact on local job markets
- at 12/1/24 11:00amGenerative Artificial Intelligence (AI) will impact regional local job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report. Job Creation and Local Economic Development 2024 finds that, following a decade of employment growth, over half of OECD regions ...
- — Generative AI set to exacerbate regional divide in OECD countries, says first regional analysis on its impact on local job markets
- at 11/29/24 3:00pmGenerative Artificial Intelligence (AI) will impact regional local job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report. Job Creation and Local Economic Development 2024 finds that, following a decade of employment growth, over half of OECD regions ...
- — G20 merchandise and services trade expands in the third quarter of 2024
- at 11/29/24 4:00amG20 merchandise trade expanded in Q3 2024, as measured in current US dollars, following mixed performance in the previous quarter (Figure 1 and 2). G20 merchandise exports grew by 0.4% compared with Q2 2024, while imports increased by 1.5%, largely driven by trade growth in North America and Europe. Preliminary estimates indicate that G20 trade ...
- — Average tax revenues in the OECD remain steady as spending pressures grow
- at 11/22/24 4:00amThe average level of tax revenues among OECD countries was largely unchanged in 2023 as governments sought to ease cost-of-living pressures amid growing spending challenges related to climate change and ageing populations, according to a new report released today. Revenue Statistics 2024 shows that the average tax-to-GDP ratio for OECD countries was 33.9% in 2023, 0.1 percentage ...
- — OECD GDP growth remains stable in the third quarter of 2024
- at 11/21/24 3:00pmGross domestic product (GDP) in the OECD rose by 0.5% in the third quarter of 2024, slightly up from 0.4% in the previous quarter,1 according to provisional estimates. The overall GDP growth rate for the G7 remained unchanged in Q3 2024, at 0.5%. This reflects a mixed picture among G7 countries. While growth in the ...
- — IMF warns Asia retaliatory tariffs could undermine growth
- at 11/19/24 3:00pmThe International Monetary Fund (IMF) warned on Tuesday that tit-for-tat tariffs could undermine Asias economic prospects, raise costs and disrupt supply chains even as it expects the region to remain a key engine of growth for the global economy. The tit-for-tat retaliatory tariffs threaten to disrupt growth prospects across the region, leading to longer and ...
- — OECD unemployment rate stable at 4.9% in September 2024
- at 11/14/24 3:00pmThe OECD unemployment rate remained unchanged at 4.9% in September 2024, having been at or just below 5.0% for 30 consecutive months (Figure 1.1). Compared to August, the unemployment rates were unchanged in September in 26 OECD countries, while rising in 4 and declining in 2. Six OECD countries recorded an unemployment rate below 3.0% ...
- — Migration to OECD countries hits new record
- at 11/14/24 11:00amPermanent migration to OECD countries hit a new record in 2023, with 6.5 million migrants arriving. The number of temporary migrants and asylum seekers has also risen sharply, according to a new OECD report. International Migration Outlook 2024 says that most of the 2023 increase in permanent-type migration was driven by family migration (+18%). Humanitarian ...
As of 1/12/25 8:30pm. Last new 1/12/25 1:23pm.
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