The annual rate of inflation across the Group of 20 largest economies increased for the second straight month in March. Economists had forecast a smaller rise in the consumer price index (CPI) to 2.6%. Annual inflation has been running ...
The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD's latest Economic Outlook. According to the ...
Tags: global economy, unemployment
Unit labour costs (ULCs) in the OECD area were unchanged in the third quarter of 2013 from the previous quarter, with growth in labour productivity (0.4%) only slightly outpacing a rise in labour compensation (0.3%). The pattern of ULCs ...
Tax revenues continue bouncing back from the low levels reported in almost all countries , at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. The average tax revenue to GDP ...
The Organization for Economic Cooperation and Development (OECD) has announced that gross domestic product (GDP) in the OECD area grew by 0.5 percent quarter on quarter in the fourth quarter of 2012 compared with 0.6 percent ...
Global thirst for oil will be slightly stronger than expected in the last quarter of 2012 because of demand from China and despite a sharp cutback in Europe recently. The IEA forecast that the growth of demand next year is expected to be ...
Tags: IEA, oil, oil consuming, oil market
According to the OECD's latest Economic Outlook,the global economy is expected to make a hesitant and uneven recovery over the coming two years.Decisive policy action is needed to ensure that stalemate over fiscal policy in the United ...
Tags: fiscal cliff, labour markets, recession, OECD