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The OECD welcomes the comprehensive package approved by the Italian government at the weekend.
Composite leading indicators (CLIs) for June 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to a slowdown in activity in most OECD countries and major non-member economies.
Consumer prices in the OECD area rose by 3.1% in the year to June 2011, compared with 3.2% in May - the first decrease in inflation since November 2010.
International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.
The OECD area unemployment rate was steady at 8.1% in May, unchanged for the third consecutive month.
Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a slowdown in most major economies for May 2011.
Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.
OECD is please to announce that Rintaro Tamaki has been appointed to the post of Deputy Secretary-General of the organisation.
Real GDP in the OECD area grew by 0.5% in the first quarter of 2011. Although private consumption remained the main driver of growth in the OECD as a whole, its contribution to growth fell in nearly all major economies.
Consumer prices in the OECD area rose by 3.2% in the year to May 2011, compared with 2.9% in April - the highest rate since October 2008.