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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.
OECD annual inflation slows to 1.4% in February 2014
Borrowing operations by OECD governments are set to decrease, as their borrowing needs continue to decline, according to a new OECD report. Net borrowing needs are projected to fall from USD 2.0 trillion in 2013 to USD 1.5 trillion in 2014, the lowest level since 2007.
Wednesday 2 April 2014
3:00 pm to 4:00 pm (Central European Time)
The OECD’s latest Sovereign Borrowing Outlook, to be published on Friday 28 March 2014, provides data and analysis on the borrowing needs and funding strategies of OECD governments.
OECD Secretary-General Angel Gurría has welcomed moves by more than 40 countries – reinforced by EU leaders - to commit to a detailed timetable to step up the fight against tax evasion.