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Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas, according to a new report by the Financial Action Task Force.
OECD Unit Labour Costs edge up to 0.2% in the third quarter of 2014
The United Kingdom has done well to increase its development spending to 0.72% of gross national income despite a challenging budget climate and should strive to maintain that level of aid for the years ahead, according to a new OECD Review.
Excess capacity in steel as growth in investment projects outpaces demand will pose risks for the sector for the foreseeable future, according to industry and government officials at the OECD’s Steel Committee meeting in Cape Town on 12 December 2014. The risk of trade conflicts in the industry also appears to have increased of late, they said, and Committee members discussed options for closer co-operation to try and prevent disputes.
G20 GDP growth picks up to 0.9% in the third quarter of 2014
Tax burdens and revenue collection in advanced economies are reaching record levels not seen since before the global financial crisis, but the tax mix continues varying widely across countries, according to new OECD research published today.
As part of the International Anti-Corruption Day, the OECD has joined Member and Partner countries and other International Organisations in raising awareness about the costs and detrimental effects of corruption.
OECD unemployment rate at 7.2% in October 2014
Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.
Reducing income inequality would boost economic growth, according to new OECD analysis. This work finds that countries with lower income inequality grow faster than those with higher inequality.