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[l] at 6/19/24 11:00am
The 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 6/18/24 3:00pm
Singapore, 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 ...

[Category: IMF/OECD News]

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[l] at 6/14/24 7:00am
The 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 6/13/24 3:00pm
Gross 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 6/3/24 3:00pm
The 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/29/24 3:00pm
Indonesia 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 ...

[Category: IMF/OECD News]

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[l] at 5/29/24 3:00pm
Developed 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 ...

[Category: IMF/OECD News]

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[l] at 5/28/24 11:00am
Germany 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/27/24 3:00pm
Gross 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/17/24 7:00am
The 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 ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/17/24 7:00am
The U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties on Chinese goods, the International Monetary Fund said on Thursday, adding that Washington and Beijing should work together to resolve their trade tensions. IMF spokesperson Julie Kozack told a regular news briefing that such trade restrictions as ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/14/24 7:00am
Artificial intelligence is hitting the global labour market like a tsunami International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Artificial intelligence is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world in the next two years, Georgieva told an event in Zurich. We have very little ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/13/24 3:00pm
Staff of the International Monetary Fund (IMF) and Argentine authorities have reached an agreement on the eighth review of the countrys $44 billion extended fund facility arrangement, the Washington-based lender said on Monday. The IMF said the decision followed better-than-expected first-quarter performance in Argentina. Argentine President Javier Milei took office in December vowing to tackle ...

[Category: IMF/OECD News]

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[l] at 5/9/24 3:00am
Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia’s invasion of Ukraine have disrupted global trade relations in ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/8/24 3:00pm
Real household income per capita in the OECD rose by 0.5% in the fourth quarter of 2023, following a 0.2% fall in the third quarter. Growth in real income per capita exceeded growth in real GDP per capita of 0.2% (Figure 1). Real household income per capita increased in most OECD countries in Q4 2023. ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/7/24 3:00pm
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) remained broadly stable at 5.8% in March 2024, after 5.7% in February (Figures 1 and 2). Headline inflation fell in 19 OECD countries with the largest monthly decline recorded in the Slovak Republic. It was the highest in Türkiye (still above 60%) ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/2/24 3:00pm
The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025. The impact of tight monetary conditions continues being felt, particularly ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/2/24 3:00pm
Britains economy will grow slower this year and next than thought only a few months ago and it will suffer higher inflation than its peers, forecasts from the Organisation for Economic Co-operation and Development showed on Thursday. The OECD cuts its British economic growth forecast to 0.4% for 2024 from 0.7% in February, and growth ...

[Category: IMF/OECD News]

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[l] at 5/2/24 3:00am
Relatively lower inflation in Asia means the regions central banks can focus more on domestic conditions and less on what the U.S. Federal Reserve might do when setting monetary policy, the International Monetary Fund said on Tuesday. The region is heading for a soft landing thanks to rapid disinflation creating room for easing monetary policies, ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/29/24 11:00am
A groundbreaking international tax initiative managed by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) continues making strong progress assisting developing countries boost tax revenues and better mobilise domestic resources, according to a report released today. Effective taxation and fiscal policies are vital for development financing as they ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/25/24 3:00pm
A second consecutive year of high inflation pushed up labour taxes across OECD countries in 2023, according to a new OECD report. Taxing Wages 2024 reveals that effective tax rates on labour incomes rose in a majority of OECD countries with the post-tax income of single workers earning the average wage declining in 21 out ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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