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OECD Work on Measuring Well-Being and Progress towards Green Growth
Composite leading indicators (CLIs) show diverging growth patterns in the economic outlook of major economies.
OECD area annual inflation was 1.9% in the year to December 2012, unchanged from the annual rate in the year to November 2012. Annual inflation rates for all major components of the CPI were also broadly stable with energy price inflation at 2.9% and food price inflation at 2.1%.
The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.0% in the third quarter of 2012, unchanged from the previous quarter and 0.2 percentage points higher than one year ago.
Statistics Working Paper N. 49 - 2012/5 - We estimate the business-cycles of G7 countries, as defined by an ideal 2-10 year bandpass filter applied to country-specific GDP target series (GDP-BP). The paper shows that efficiency gains by the Multivariate Direct Filter Approach (MDFA)over HP are substantial along the full revision-sequence and they are consistent across countries as well as over time, when referenced against GDP-BP.
Business competitiveness and export performance are increasingly tied to countries’ integration into global production chains and a willingness to open markets to wider imports, according to preliminary international trade data released today by the OECD and the WTO.
The OECD unemployment rate was stable at 8.0% in November 2012, unchanged from the previous month.
Real GDP growth in the OECD area increased by 0.3% in the third quarter of 2012, compared with 0.2% in the second quarter.
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show signs of stabilising economic outlook in most major economies.
Annual inflation in the OECD area rose by 1.9% in the year to November 2012, compared with 2.2% in the year to October 2012. This easing in the annual rate of inflation mainly reflected slower growth in energy prices, which increased by 2.9% in November, down from 5.4% in October.