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Real GDP in the OECD area increased by 0.5% in the second quarter of 2013, compared with 0.3% registered in the previous quarter.
The current political deadlock in the United States is needlessly putting at risk the stability and growth not only of the US but also the world economy. This comes at a time when a fragile recovery in advanced economies was underway, and when a number of emerging economies were already facing new risks.
Composite leading indicators (CLI) continue to signal improvements in growth in most major OECD countries with divergent patterns among large emerging economies.
Credible and consistent carbon pricing must be the cornerstone of government actions to tackle climate change, according to a new OECD report.
This slowdown in the annual rate of inflation mainly reflects a sharp deceleration in energy price inflation, to 1.7% in the year to August.
Ireland’s economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.9% in the second quarter of 2013 compared with 0.6% in the previous quarter, according to preliminary estimates. GDP growth accelerated in most of the world’s largest economies but slowed marginally in Canada and Japan and significantly in Mexico.
Composite leading indicators (CLIs) continue to signal diverging growth patterns across major economies. The CLIs point to improvements in growth in most major OECD countries but stabilising or slowing momentum in large emerging economies.
Consumer prices in the OECD area rose by 1.9% in the year to July 2013 compared with 1.8% in the year to June 2013.
A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.