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The rate has hovered at this level since January 2011. However, stability at the aggregate level masks different national situations.
Private consumption was the main contributor for the OECD as a whole, adding 0.3 percentage point, with net exports and gross fixed capital formation each contributing 0.2 percentage point.
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Governments looking to design and implement green growth policies and move towards a green economy now have a new source of information and assistance. Four leading global organizations today signed a Memorandum of Understanding to create the Green Growth Knowledge Platform.
The assessment is little changed compared to last month for most countries, but the CLIs for Japan, United States and Russia are showing stronger signs of a positive change in momentum and remain above long-term trend.
The OECD’s latest economic survey of Chile, to be published on Tuesday 17 January 2012, discusses the country’s recovery from the global economic crisis and looks at the major challenges as growth slows worldwide.
Though the economic crisis has forced Spain to cut public spending in the past year, including to development co-operation, its aid has almost doubled since 2003. Spain still has plans to meet the international target of committing 0.7% of its gross national income to development aid.
Consumer prices in the OECD area rose by 3.1% in the year to November 2011, compared with 3.2% in the year to October 2011.
29/03/2012 - Slovak Republic should help preschool teachers improve their skills, says OECD, and should encourage preschool teachers to keep improving their qualifications throughout their career and attract more young people, especially men, to the profession
Uruguay has signed 7 new agreements providing for the exchange of tax information, showing its willingness to implement the global standards.
The OECD area unemployment rate rose slightly, to 8.3% in October 2011, compared to 8.2% in September. The rate has hovered around this level since January 2011.