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OECD unemployment increases to 7.6% in February 2014
Development aid rose by 6.1% in real terms in 2013 to reach the highest level ever recorded, despite continued pressure on budgets in OECD countries since the global economic crisis. Donors provided a total of USD 134.8 billion in net official development assistance (ODA), marking a rebound after two years of falling volumes, as a number of governments stepped up their spending on foreign aid.
Composite leading indicators point to weakening growth in most major emerging economies but continued positive growth prospects in OECD countries
Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.
The OECD will publish a Telecommunication Review and an Environmental Performance Review of Colombia on April 9 and 10 respectively. The reviews examine competition and regulation in Colombia’s telecoms market and assess its environmental policies and performance. Both will feed into talks on Colombia’s accession to the OECD.
Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP ratios are stabilising and market tensions have abated.
Unwinding of stocks slows OECD GDP growth to 0.5% in the fourth quarter of 2013
The OECD’s latest economic surveys of the European Union and the Euro Area - to be published on Thursday 3 April 2014 – assess developments since the crisis and look at the risks and challenges ahead. They also set out the action needed to reinforce sustainable growth, cut unemployment, reinvigorate the Single Market and improve the credit system.
Students from Singapore and Korea have performed best in the first OECD PISA assessment of creative problem-solving. Students in these countries are quick learners, highly inquisitive and able to solve unstructured problems in unfamiliar contexts.
Spain’s planned public sector reforms should help make the country’s institutions stronger and more effective, and proposals to increase transparency and root out corruption will do much to restore public trust, according to a new OECD report.