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The Latest Breaking News from OECD

Rich nations met $100bn climate finance goal two years late

Wealthy countries finally met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 – two years behind schedule, the OECD said on Wednesday.

Radio France Internationale

NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right

On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation.

The Conversation

Sunak dashed for July election because hopes of UK economic recovery are fading

Prime minister knows economy is likely to be in even worse shape by autumn or winter, but summer’s good news won’t impress a battered public

The Guardian - UK

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Raising jobseeker is not ‘fiscally sustainable’? Sorry, but that is flat out wrong

Never fall for the line that lifting people out of poverty and reducing inequality is a task too complex or costly to undertake

The Guardian - AU

Australian teenagers are curious but have some of the most disruptive maths classes in the OECD

Australian teenagers have more disruptive maths classrooms and experience bullying at greater levels than the OECD average, a new report shows.

The Conversation

Australian school students most bullied among comparable English-speaking countries, report finds

One in five students say they have been made fun of by peers as experts warn classroom disorder is leading to poorer school outcomes

The Guardian - AU

OECD Urges RBNZ To Maintain Restrictive Policy For Inflation

OECD advises RBNZ to maintain a restrictive monetary policy to manage rising inflation in New Zealand for economic stability.

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Should the Bank of England cut interest rates with Britain’s economy in bloom?

The UK is expected to come out of recession, but it would be wise not to expect a reduction any time soon

The Guardian - UK

OPINION - Rishi Sunak's 'comeback narrative' collides with economic reality

"Was in the slow lane. Still in the slow lane. Will remain in the slow lane." The laconic words of Jonathan Prynn, the Standard's business editor, summarising (off the record but oh well) today's report by the Organisation for Economic Co-operation and Development (OECD), which forecasts that the UK will be…

Evening Standard

OECD forecasts will be blow to Sunak’s claims UK economy is improving

UK’s growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down

The Guardian - UK

OECD Lifts 2024 Growth Forecasts, Driven By US

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

International Business Times

OECD lifts global growth outlook as US, China outperform expectations

Paris-based organisation predicts global economy to expand by 3.1 percent this year and 3.2 percent in 2025.

Al Jazeera

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

AAP

OECD Upgrades Global Growth Outlook With U.S. Outperformance

OECD upgrades global growth forecast due to strong US performance, projecting 3.4% growth in 2021 and 4.0% in 2022. Risks remain despite positive outlook.

Top News

Israel And Indonesia In Talks To Normalize Relations

Israel and Indonesia engage in talks to normalize relations for Indonesia's OECD membership, facing challenges due to Indonesia's large Muslim population.

The Guardian - UK

Food inflation in world’s rich nations falls to pre-Ukraine war levels

Rate declines for 15th consecutive month across 38 OECD countries from 6.3% in January to 5.3% in February

The Guardian - UK

Jaguar Land Rover sales jump 22%; 15 Ted Baker stores to close, with 245 job losses – as it happened

Rolling coverage of the latest economic and financial news

International Business Times UK

Top 10 Countries With The Most Prescribed Anti-Depressants: Did Yours Make The List?

Our World in Data studied the number of anti-depressant prescriptions given out in 22 countries across the globe.

Evening Standard

The UK’s digital infrastructure is hiding big problems

City Voices: It is not possible to build an innovative, robust, and resilient digital government on top of the infrastructure built almost 10 years before the internet existed

The Guardian - UK

Thousands of foreign nurses a year leave UK to work abroad

Exclusive: Surge in nurses originally from outside EU moving overseas prompts concern Britain is a ‘staging post’ in their careers

The Guardian - AU

PwC chairman refuses to share tax leaks scandal investigation with Australian parliament

Firm cites legal professional privilege after request for copy of report but provides more detail about scope of investigation

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