A slowdown in global economic growth and a continuing rise in income inequality are projected for the coming decades, according to a new OECD study which looks beyond the crisis at what the world could look like by 2060.
OECD annual inflation edges up to 2.1% in May 2014
OECD Unit Labour Costs up 0.4% in the first quarter of 2014 as labour productivity falls
Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.
Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States.
G20 GDP growth steady at 0.8% in first quarter of 2014
Canada has experienced solid economic growth since the global crisis, allowing it to reverse recession-induced job losses and put federal public finances on a sound footing, says the OECD. Growth is expected to accelerate from 2.5% this year to 2.7% in 2015.
Composite leading indicators continue to suggest that momentum is weakening in most major emerging economies but stable in the OECD area
Consumer prices in the OECD area increased by 2.0% in the year to April 2014, compared with 1.6% in the year to March 2014.
OECD GDP rose by 0.4% in the first quarter of 2014, but with large diverging patterns across countries