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The Latest Breaking News from OECD

OECD Trims Global Growth Forecast, Warns Of Conflict Risk

The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works.

International Business Times

Homeowners told not to expect interest rate cut until 2025 as mortgage squeeze goes on

Leading economists at the OECD also stressed the UK would have the second slowest GDP growth of the G7 group of wealthy nations

Evening Standard

Central banks ‘risk tipping UK and other developed countries into recession’

Stance on inflation poses threat to ‘soft landing’ forecast for global economy, says OECD

The Guardian - UK

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The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The Independent UK

Blow for Rishi Sunak as UK to have second-slowest growth in G7

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

The Independent UK

Climate funding is in short supply. So some want to rework the financial system

Efforts to boost climate financing have moved beyond national pledges. Now the focus is on overhauling organizations like the World Bank and providing countries debt relief.

WEKU

How does Australia's health system stack up internationally? Not bad, if you're willing to wait for it

When things are going bad in the health system, we are reassured we’ve got one of the best health systems in the world. But we’re rarely told where we actually stand relative to others.

The Conversation

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UK spends more financing inequality in favour of rich than rest of Europe, report finds

Inequalities of income, wealth and power cost UK £106.2bn a year compared with average developed OECD country

The Guardian - UK

Australian education in long-term decline due to poor curriculum, report says

Students are learning about half the science content of school systems in similar countries, consulting group has found

The Guardian - AU

Economic Productivity Through the Lens of Global Tax Policy

In the realm of global economics, the interplay between taxation and productivity forms a complex tapestry, with each country weaving its unique pattern.

inkl

Push to give UN more say on global tax rules likely to stumble at vote

US, EU and UK expected to reject motion by African countries frustrated at OECD efforts to reform international taxation

The Guardian - UK

South Korea: Where feminism has become taboo

In this special edition, Annette Young heads to South Korea, which, despite its impressive economic record, consistently scores poorly for gender equality among advanced nations. It has the worst gender pay gap among OECD nations, while its traditional workplace culture results in many women giving up their careers after childbirth.…

France 24

EU agrees to ban exports of waste plastic to poor countries

Rules, still subject to formal approval, stop exports to non-OECD countries and limit them elsewhere

The Guardian - UK

NZ wants more seasonal workers – but Pacific nations no longer want to be the ‘outposts’ that ‘grow’ them

The three party leaders currently negotiating to form New Zealand’s next government might have their differences, but they seem to agree on one thing: the Recognised Seasonal Employer (RSE) scheme needs to expand.

The Conversation

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The Guardian - UK

Rich countries hit $100bn climate finance goal two years late, data shows

Annual funding promise made in 2009 to help poor countries deal with climate crisis had original 2020 target

The Canberra Times

Why $10 a day childcare could be a game changer for families

A year of parental leave and cheaper childcare would have massive benefits, advocates say.

The Independent UK

Truss-backed economists say minimum wage is ‘destroying jobs’ and call for cut

Plans to increase the minimum wage will be a ‘significant drag on the economy’, according to The Growth Commission.

The Walrus

The End of Retirement

Want to keep your house? Support your kids? Stay alive? Never stop working

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The Independent UK

British women are ‘biggest binge drinkers in the developed world’ new report claims

More than a third (35 per cent) of adults across the UK report binge drinking at least once a month

Evening Standard

British women are the world's biggest female binge drinkers, study finds

New OECD data shows that a quarter of the country's women have at least six alcoholic drinks in a single session at least once a month

The Independent UK

British women are ‘biggest binge drinkers in the developed world’ new report claims

More than a third (35 per cent) of adults across the UK report binge drinking at least once a month

The Guardian - UK

UK women top list of world’s biggest female binge drinkers, report finds

OECD says 26% have at least six alcoholic drinks in a single session at least once a month

The Hindu

A verdict that hampers international law obligations

The judiciary's interpretation in Assessing Officer Circle (International Taxation) New Delhi vs M/s Nestle SA case allows the executive to undo its international law obligations

The Independent UK

UK spends more on health but comes up short compared with other countries – OECD

The UK has fewer MRI, CT and PET scanners compared with most of the other countries examined in the OECD’s Health at a Glance report.

Capital & Main

New Mexico’s Hydrogen Plans in Turmoil; Newsom Focuses on Oil Wells

California closes loopholes on polluting wells, but still lets companies avoid capping idled wells.

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