- — Average tax revenues in the OECD remain steady as spending pressures grow
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at 11/22/24 4:00amThe average level of tax revenues among OECD countries was largely unchanged in 2023 as governments sought to ease cost-of-living pressures amid growing spending challenges related to climate change and ageing populations, according to a new report released today. Revenue Statistics 2024 shows that the average tax-to-GDP ratio for OECD countries was 33.9% in 2023, 0.1 percentage ...- — OECD GDP growth remains stable in the third quarter of 2024
- at 11/21/24 3:00pmGross domestic product (GDP) in the OECD rose by 0.5% in the third quarter of 2024, slightly up from 0.4% in the previous quarter,1 according to provisional estimates. The overall GDP growth rate for the G7 remained unchanged in Q3 2024, at 0.5%. This reflects a mixed picture among G7 countries. While growth in the ...
- — IMF warns Asia retaliatory tariffs could undermine growth
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at 11/19/24 3:00pmThe International Monetary Fund (IMF) warned on Tuesday that tit-for-tat tariffs could undermine Asias economic prospects, raise costs and disrupt supply chains even as it expects the region to remain a key engine of growth for the global economy. The tit-for-tat retaliatory tariffs threaten to disrupt growth prospects across the region, leading to longer and ... - — OECD unemployment rate stable at 4.9% in September 2024
- at 11/14/24 3:00pmThe OECD unemployment rate remained unchanged at 4.9% in September 2024, having been at or just below 5.0% for 30 consecutive months (Figure 1.1). Compared to August, the unemployment rates were unchanged in September in 26 OECD countries, while rising in 4 and declining in 2. Six OECD countries recorded an unemployment rate below 3.0% ...
- — Migration to OECD countries hits new record
- at 11/14/24 11:00amPermanent migration to OECD countries hit a new record in 2023, with 6.5 million migrants arriving. The number of temporary migrants and asylum seekers has also risen sharply, according to a new OECD report. International Migration Outlook 2024 says that most of the 2023 increase in permanent-type migration was driven by family migration (+18%). Humanitarian ...
- — Growth in real household income slows in second quarter of 2024
- at 11/13/24 11:00amReal household income per capita in the OECD rose by 0.4% in the second quarter of 2024 compared with 1.3% in the previous quarter, while real GDP per capita grew by 0.3%. Despite the overall increase in real household income per capita, the picture was mixed across OECD countries. Of the 15 countries for which ...
- — Driven by falling energy prices, OECD headline inflation slows to 4.4% in September 2024
- at 11/8/24 4:00amYear-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) slowed to 4.4% in September 2024 from 4.7% in August (Figures 1 and 2). Inflation declined in 27 of 38 OECD countries, rose in 6, and was stable or broadly stable in 5. Headline inflation stood at or below 2% in 17 ...
- — Progress in national climate policy efforts remains insufficient to achieve 2030 targets
- at 11/7/24 11:00amA significant gap in policy ambition exists between globally agreed temperature goals and the emissions reductions of national climate targets, according to a new report on countries covered by the OECD’s International Programme for Action on Climate (IPAC). According to the 4th edition of the Climate Action Monitor, Nationally Determined Contributions (NDCs) currently commit to ...
- — ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
- at 11/3/24 11:00amThe Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. According to the U.N. agency, the region has long benefited from decades of globalization, building strong trade links with ...
- — IMF projects 4% growth rebound in Middle East and North Africa next year
- at 10/31/24 4:00pmGrowth in the Middle East and North Africa region is expected to rebound to 4% next year, but will hinge on a phase out of oil production cuts and headwinds subsiding, including from conflicts, the International Monetary Fund said on Thursday. Growth in the region will remain sluggish at 2.1% in 2024, according to the ...
- — Global Inflationary Episode Offers Lessons for Monetary Policy
- at 10/27/24 12:00pmThe inflation surge over the past three years followed a unique disruption to the global economy. Pandemic lockdowns initially tilted demand away from services and toward goods. But this came at a time when unprecedented fiscal and monetary stimulus boosted demand, and many firms were not able to ramp up production fast enough, resulting in ...
- — IMF urges African oil exporters’ reforms to boost ‘subdued’ growth
- at 10/25/24 3:00pmSub-Saharan African nations that depend on commodity exports need to reform their economies to tackle patchy regional economic growth, International Monetary Fund Africa Director Abebe Aemro Selassie said. The region is expected to grow by 3.6% this year, unchanged from last year and down from an April forecast of 3.8%, the IMF said in its ...
- — IMF sees weak yen beneficial for Japan’s economy, urges gradual rate hikes
- at 10/25/24 3:00pmA weak yen is beneficial for Japans economy as the boost to exports exceeds the increase in cost of imports, the International Monetary Funds Japan mission chief Nada Choueiri told Reuters on Friday. Japan is a very outward-oriented economy, and a very open economy, which means on a net basis, the benefit from rising exports ...
- — IMF says Latam, Caribbean should focus reforms toward growth
- at 10/25/24 11:00amThe International Monetary Fund on Friday urged governments in Latin America and the Caribbean (LAC) to target economic policies aimed at boosting potential growth, saying their reform agenda is currently thin while activity is expected to moderate in key economies. In its Regional Economic Outlook, the IMF projected the regions growth to accelerate to 2.5% ...
- — IMF calls on BOJ to hike interest rates at ‘gradual’ pace
- at 10/24/24 3:00pmThe International Monetary Fund welcomes the Bank of Japans decision to raise interest rates in July, but further hikes should proceed at a gradual pace, a senior IMF official said on Thursday. Krishna Srinivasan, director of the IMFs Asia and Pacific Department, also told a press briefing that the global lender now expects the BOJs ...
- — IMF fiscal chief says UK needs to bring debt under control, welcomes fiscal rules debate
- at 10/23/24 3:00pmInternational Monetary Fund Fiscal Affairs Director Vitor Gaspar said on Wednesday that he welcomed debate in Britain over fiscal rules and that it was important to bring the countrys debt under control in a way that preserves public investment. Gaspar, speaking at a news conference, did not offer a view on potential changes to budget ...
- — IMF chief economist says lack of domestic demand fuels China’s export growth
- at 10/23/24 4:00amChinas industrial policy may be tipping the scales in some specific industries, but it is not the root cause of the countrys growing exports and external surpluses, IMF chief economist Pierre-Olivier Gourinchas told Reuters. In an interview at the start of this weeks IMF and World Bank annual meetings, Gourinchas pushed back on some of ...
- — IMF says UK should keep debt falling in fiscal rule change
- at 10/22/24 3:00pmBritish finance minister Rachel Reeves should ensure public debt remains on a downward path if she makes changes to fiscal rules in her first budget next week, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas said the IMF would assess changes when they were announced, but that Reeves should bear in mind ...
- — IMF lifts US growth forecast but marks down China; sees lackluster global economy
- at 10/22/24 3:00pmThe International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the U.S., Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts, potential new trade wars and the hangover from tight monetary policy. The IMFs latest World Economic Outlook said the shifts ...
- — IMF chief says higher prices are here to stay
- at 10/22/24 11:00amHigher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Funds managing director, Kristalina Georgieva, said. The pain we all feel because prices have gone up is here to stay, and a higher level of prices makes many people around the world quite ...
- — How High Economic Uncertainty May Threaten Global Financial Stability
- at 10/21/24 3:00pmUncertainty is not as easily measured as traditional indicators like growth or inflation, but economists have built some reliable proxies. One of the best-known gauges is the Economic Policy Uncertainty Index, which tallies how many news stories in major publications cite uncertainty, the economy, and policy. Others track the difference between published economic data and ...
As of 11/22/24 7:57pm. Last new 11/22/24 7:07am.
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