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Consumer prices in the OECD area rose by 3.1% in the year to June 2011, compared with 3.2% in May - the first decrease in inflation since November 2010.
International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.
The OECD area unemployment rate was steady at 8.1% in May, unchanged for the third consecutive month.
Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a slowdown in most major economies for May 2011.
Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.
OECD is please to announce that Rintaro Tamaki has been appointed to the post of Deputy Secretary-General of the organisation.
Real GDP in the OECD area grew by 0.5% in the first quarter of 2011. Although private consumption remained the main driver of growth in the OECD as a whole, its contribution to growth fell in nearly all major economies.
Consumer prices in the OECD area rose by 3.2% in the year to May 2011, compared with 2.9% in April - the highest rate since October 2008.
Luxembourg must step up its efforts to detect and prosecute cases of bribery of foreign public officials, particularly now that its legal framework has been strengthened, in compliance with the Anti-Bribery Convention
Health spending continues to rise faster than economic growth in most OECD countries, maintaining a trend observed since the 1970s. Health spending reached 9.5% of GDP on average in 2009, the most recent year for which figures are available, up from 8.8% in 2008, according to OECD Health Data 2011.