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The OECD has taken a major step forward in measuring how we feel about our lives.
Newly released Guidelines on Measuring Subjective Well-being establish the first comprehensive framework for internationally comparable and intellectually robust data on this topic.
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.5% in the fourth quarter of 2012 compared with 0.6% in the third quarter, according to preliminary estimates. The aggregate G20 GDP growth rate however continues to mask diverging patterns across the world’s largest economies.
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging growth patterns in the economic outlook of major economies.
This easing in the annual rate of inflation mainly reflected the slower growth in energy prices, which increased by 1.8% in the year to January, down from 2.9% in the year to December.