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Composite leading indicators point to weakening growth in major emerging economies but stable growth momentum in most OECD countries
Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany.
Following recent Turkish media reports, the OECD would like to clarify that it has published no recent review of Turkey. The publication of the 2014 Economic Survey of Turkey is planned for July.
OECD annual inflation picks up to 1.6% in March 2014 but slows in Euro area
OECD ministers today closed two days of discussions aimed at building resilient economies and inclusive societies. Chaired by Japan, the OECD’s Annual Meeting at Ministerial Level saw the launch or reinforcement of a number of major projects such as the OECD Southeast Asia Programme and the New Approaches to Economic Challenges initiative.
The OECD’s 34 member countries today affirmed their common resolve to work towards a deal on combating climate change at the COP21 talks in Paris in 2015. OECD accession countries Colombia and Latvia joined the statement issued at the Organisation’s annual Ministerial Council Meeting, attended by finance, economy, trade and other ministers.
The OECD’s new Services Trade Restrictiveness Index (STRI), released during the Organisation’s annual Ministerial Council Meeting, provides a unique and comprehensive snapshot of services trade restrictions across 18 sectors in 40 leading economies, representing over 80% of global services trade.
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange of information between jurisdictions.
The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD’s latest Economic Outlook.
The Southeast Asia region, with more than half-a-billion people, is among the fastest-growing regions in the world but levels of growth and prosperity within the region remain uneven. Good policies need to be implemented in the region to maintain strong growth and make it more inclusive, boosting productivity, reducing poverty, and avoid falling into the “middle income trap”.