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Germany has cracked down on the bribery of foreign public officials in recent years, prosecuting and sanctioning nearly 70 individuals and 6 companies to date. But it should do even more to prosecute companies and should apply tougher sanctions.
The OECD’s Working Group on Bribery has today received assurances from the highest levels of the UK government that the guidance necessary to implement the nation’s Bribery Act 2010 will be published shortly.
Recent reforms will still be insufficient to cover increased pension costs in the future, despite increases in retirement ages in half of OECD countries, according to a new OECD report.
In January 2011 the OECD area unemployment rate was 8.4%, down 0.1 percentage point from December.
Composite leading indicators (CLIs) for January 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.
Consumer prices in the OECD area rose by 2.1% in the year to January 2011, the same inflation rate as in December 2010.
The OECD is developing a new initiative to improve coordination of anti-corruption and transparency initiatives - first within its member countries, and then with all other relevant players, including governments, international organisations, NGOs and the private sector.
Merchandise trade growth quickened in the final quarter of 2010 in most major economies, with record trade figures in China.
Gross domestic product (GDP) in the OECD area grew by 0.4% in the fourth quarter of 2010, down from the 0.6% growth recorded in the previous quarter.
In December 2010 the OECD area unemployment rate was 8.5%, down 0.1 percentage point from November.