OECD Home › Economy › By Date
Joint press release by Federal Chancellor Angela Merkel, OECD Secretary-General Angel Gurría, WTO Director-General Pascal Lamy, ILO Director-General Guy Ryder, IMF Managing Director Christine Lagarde and World Bank Group President Jim Yong Kim on the occasion of their meeting on 30 October 2012 in Berlin.
Annual inflation in the OECD area rose by 2.2% in the year to September 2012, up from 2.1% in the year to August 2012. This slight increase in the annual rate of inflation was driven by higher energy prices which accelerated to 5.1% in September, up from 3.5% in August, while food price inflation slowed to 2.1% in September, compared with 2.2% in August.
The President of the French Republic, Mr. François Hollande, met the Heads of international economic organisations at the OECD on Monday 29th October.
Secretary-General Angel Gurría opens the first meeting of the New Approaches to Economic Challenges (NAEC) Group, an organisation-wide reflection process on the roots and lessons from the crisis with the aim of catalysing a process of continuous improvement of our analytical frameworks and policy advice. This meeting serves as a first step to get expert feedback and inputs to identify priorities for the way forward.
A major step forward towards putting the measurement of well-being at the heart of policy-making was taken at a four-day international conference which ended in New Delhi today.
Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They
contributed to the country’s economic resilience during the 2008-09 financial crisis.
Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.
The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt to GDP ratio higher than 90% of GDP is associated with considerably lower economic performance in advanced and emerging economies alike.
English, PDF, 3,089kb
Renewed impetus for reforms is essential for India to continue to narrow its major gap in living standards with middle-income and OECD economies, to reduce widespread poverty, to reverse rising inequality and to improve the wellbeing of all Indians. Based on the expertise of OECD, this report presents an update of policy advice in critical areas to India’s long-term economic performance and social development.
During his official visit to India, OECD Secretary-General Angel Gurría will participate in an interactive session with Indian industrialists to discuss the global economic situation, the outlook for the Indian economy and the OECD-India cooperation.