Organisation for Economic Co-operation and Development - updates

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Virus cuts G20 GDP by record 3.4% in 1st quarter – OECD

Jun 11, 2020 - 8:00 PM

The steepest declines come in China, France, and Italy, which were among the first countries to impose drastic lockdowns against the coronavirus

This aerial photo taken on March 10, 2020 shows an empty street in Wuhan in China's central Hubei province. - China said on March 10 the epicentre of the new coronavirus outbreak Hubei would relax travel restrictions to allow healthy people to move within the hard-hit province. (Photo by STR / AFP) / China OUT

Virus to slice at least 6% off world economy – OECD

Jun 10, 2020 - 11:45 PM

The Organisation for Economic Co-operation and Development says the global economy could shrink by as much as 7.6% if a second wave of contagion happens later in the year

CORONAVIRUS TESTING. Sample testing devices are checked on a production line as they are prepared to be included in testing kits for shipment at SD Biosensor near Cheongju, South Korea, on March 27, 2020. Photo by Ed Jones/AFP

OECD chief calls for new Marshall Plan against pandemic

Mar 23, 2020 - 10:45 PM

Angel Gurria says governments' coordination to fight the coronavirus pandemic should exceed the Marshall Plan, which rebuilt Europe after World War II

A municipal worker uses a sprayer while disinfecting the popular Medina neighbourhood of Dakar on March 22, 2020. - The Senegalese government wanted to be firm on Saturday in the fight against the new coronavirus, ruling out "all tolerance" in the face of violators of established rules, including the ban on assemblies, in a country which has reached nearly 60 confirmed cases. (Photo by JOHN WESSELS / AFP)

OECD warns of severe economic hit from virus outbreak

Mar 02, 2020 - 9:00 PM

'Output contractions in China are being felt around the world,' says the 36-member OECD, also warning that the novel coronavirus 'would weaken prospects considerably' if it is prolonged

People wait in line to buy face masks from a department store in Seoul on February 28, 2020. - K-pop megastars BTS on February 28 cancelled four concerts they were due to hold in Seoul in April, their agency said, as the coronavirus outbreak spreads in South Korea. The country has so far confirmed more than 2,000 cases of the novel coronavirus, by far the largest national total outside China, the origin of the disease. (Photo by - / YONHAP / AFP) / - South Korea OUT / REPUBLIC OF KOREA OUT NO ARCHIVES RESTRICTED TO SUBSCRIPTION USE

OECD cuts global growth forecast as U.S.-China tensions rise

May 21, 2019 - 10:00 PM

OECD Secretary General Angel Gurria says there is 'an urgent need' for Washington and Beijing to bury their differences

Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. - Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on May 21, 2019, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November. (Photo by ERIC PIERMONT / AFP)

OECD cuts global growth forecast over trade, Brexit uncertainty

Mar 06, 2019 - 6:40 PM

(UPDATED) The Organisation for Economic Co-operation and Development lowers its forecast to 3.3% for this year, down from the 3.5% it predicted in November

FORECAST. The Organisation for Economic Co-operation and Development cuts its global growth forecast for this year to 3.3%. Image via Shutterstock

UN climate talks: Tough issues on the table

Oct 16, 2015 - 1:38 PM

UN talks are making progress toward an agreement but consensus remains elusive on many crucial points Here are some of the outstanding key issues

OECD vows to 'change the game' with new tax rules

Sep 17, 2014 - 1:23 AM

Using the basic principle that tax should be paid in the country where it is generated the proposals intend to prevent corporate tax avoidance by multi national companies