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ECONOMIC SURVEY OF SWITZERLAND
Boost productivity and labour market participation for sustained COVID recovery

ECONOMIC SURVEY OF THE SLOVAK REPUBLIC
Prioritise reforms to optimise recovery and future growth

GLOBAL TAX AGREEMENT
OECD publishes model rules for domestic implementation of 15% global minimum tax

PENSIONS AT A GLANCE 2021
Challenges ahead as populations age

In focus

Inflation continues to surge

Inflation in the OECD area surged to 5.8% in the year to November 2021, compared with 5.2% in October (and 1.2% in November 2020), its highest rate since May 1996.

The rise was particularly marked in the US, where year-on-year inflation climbed to 6.8% in November from 6.2% in October. In the euro area, the corresponding rates were 4.9% and 4.1% (compared to -0.3% a year earlier).

Energy price inflation in the OECD area was up 27.7% in the year to November (October: 24.3%), its highest rate since June 1980, while food prices rose 5.5% (October: 4.6%). Excluding food and energy, inflation was a more moderate 3.8% (October: 3.5%) – although it contributed significantly to headline inflation in many large economies.

 

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David Bradbury welcomes the progress made in carbon pricing, with 49% of G20 CO2 emissions now covered by a carbon price, up from 37% in 2018 – but more needs to be done.

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The OECD's Anthony Mann and IBM’s Lydia Logan discuss the changing world of work – and the vital importance of career guidance and practical experience for young people.

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Vaccine hesitancy remains a policy challenge in 2022 – but what effect have COVID certificates had on vaccine uptake and viral transmission rates? OECD economist Nicolas Woloszko explains. 

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