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News & Events
News
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29-Oct-2009
The collapse in world trade volumes at the end of 2008 and beginning of 2009 was exceptional by historical standards. This paper shows that world demand (to which trade has become more responsive in recent decades) can explain most of the collapse in world trade, but that tight credit conditions have likely amplified the short-term trade response.
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16-Oct-2009
The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman Brothers.
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03-Sep-2009
Recovery from the global recession is likely to arrive earlier than had been expected a few months ago but the pace of activity will remain weak well into next year, according the OECD’s latest Interim Economic Assessment. Watch the webcast of the press conference.
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24-Jun-2009
The slowdown in OECD economies is reaching bottom following the deepest decline for more than 60 years, says the OECD’s latest Economic Outlook. But recovery is likely to be weak and fragile, and the economic and social damage caused by the crisis will be long-lasting.
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31-Mar-2009
Economic activity is expected to plummet by an average 4.3 percent in the OECD area in 2009 while by the end of 2010 unemployment rates in many countries will reach double figures for the first time since the early 1990s, according to the OECD’s Economic Outlook Interim Report.
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14-Jan-2008
OECD Secretary-General Angel Gurría spoke at several key debates at the annual meeting of the World Economic Forum in Davos, Switzerland, from 23-27 January 2008. The subjects ranged from fighting corruption and managing financial risk to sustaining economic growth and ensuring safe water for the future.
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