The OECD slashed its global growth forecasts today, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy.
Russia looks headed towards an economic slowdown, joining fellow emerging market powerhouses India and China whose economies are also showing signs of faltering, the latest report from the OECD showed today.
Europe's debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said.
More than half of Europeans are obese or overweight, adding significant pressure to healthcare costs at a time when spending is being cut by governments, the OECD and European Commission said today.
Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said today, advising central banks to keep easy money flowing so the rebound does not prove short-lived.
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said today.
Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said today.
The world's leading economies are headed for a slowdown, the OECD said in its latest monthly economic overview, highlighting signs the US economy is reaching a turning point in its growth cycle.
The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said today, urging leaders of G7 and G20 countries to send strong signals to restore flagging confidence.
None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.
The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed.
Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said.
Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed today.
Uruguay continues to negotiate a tributary accord with Argentina "throughout normal channels" and has received no pressure related to the issue, the head of the country’s tax collection agency, Pablo Ferreri assured.
The head of the Organization for Economic Co-operation and Development on urged Mexico's President-elect Enrique Peña Nieto to support a proposed labor reform put before Congress by outgoing President Felipe Calderón.