Mayors and local leaders from around the world launched today a plan of action to help tackle inequality, boost job creation and harness economic development.
Lifting many of the regulations stifling business competition in Greece would benefit both consumers, through lower prices, and firms, via higher turnover, according to the OECD.
Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.
The OECD received a strong endorsement from both the G20 Leaders and Finance Ministers to work on solutions to support certainty in the tax system with the aim to promote investment, trade and balanced growth. As part of a wider project, the OECD launches a Business Survey to invite businesses and other stakeholders to contribute their views on tax certainty.
The post-crisis recovery in entrepreneurial activity remains mixed across countries, but new data released today by the OECD provides tentative signs of a turning point, with trends in enterprise creation rates pointing upwards in most economies.
The global steel industry continues to face difficult conditions due to excess capacity, weak global demand and growing trade tensions, the OECD Steel Committee said after meeting this week. While global steel trade remains relatively robust, there has been a sharp increase in steel trade actions by governments, it said, noting that trade actions should respect international obligations.
Further structural reforms are needed to help the business sector boost productivity growth and overcome the key challenges of sluggish investment in advanced economies and excess capacity in emerging economies, according to a new OECD report.
Declining productivity growth and rising inequality are two of the biggest obstacles to improved economic performance, according to a new OECD report.
Productivity growth – the central driver of rising economic output and material living standards – has been slowing in many advanced and emerging economies in the wake of the crisis, according to new data released today in the OECD Compendium of Productivity Indicators.
As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Canada, Iceland, India, Israel, New Zealand and the People’s Republic of China signed today the Multilateral Competent Authority agreement for the automatic exchange of Country-by-Country reports (“CbC MCAA”), bringing the total number of signatories to 39 countries. The signing ceremony took place in Beijing, China.