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A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
Water shortages and floods illustrate the risks posed by too little, or too much, water. By 2050 more than 40% of the world’s population will live under severe water stress and nearly 20% could be exposed to floods.
OECD media briefings at G20 Leaders’ Summit in Saint Petersburg
China signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters at a ceremony today at the OECD. All G20 countries have now fulfilled the commitment they made at the Cannes G20 Summit to sign the Convention and move towards automatic exchange of information as the new, global standard.
The OECD will present its Interim Assessment of the major economies, including near-term projections for G7 countries and China, at 11:00 a.m. Paris time (09:00 GMT) on Tuesday 3 September 2013.
Climate change combined with rapid population increases, economic growth and land subsidence could lead to a more than 9-fold increase in the global risk of floods in large port cities between now and 2050.
William C. Danvers has been appointed Deputy Secretary-General of the OECD. He will take up his functions early in September.
The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.
The OECD welcomes Chile’s plan to improve the way it calculates the Consumer Price Index (CPI). The plan focuses primarily on proposals by the Chilean Statistical Office (INE) to better capture price changes for clothes and footwear, to ensure that the CPI accurately reflects inflation.
The OECD today presented to G20 finance ministers plans for a two-pronged attack on tax avoidance and evasion from both companies and individuals.