OECD

The global economy is showing signs of resilience, with the Organization for Economic Cooperation and Development revising its 2024 growth forecast upwards, indicating a potential escape from a stagflationary rut. What Happened: The OECD has raised its global growth forecast for 2024 to 3.1%, up...

The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks. There have been positive adjustments in global GDP growth, which is now expected to reach 2.7% in 2023 and...

A Moody's Analytics report stated that closing the gender gap in labor force participation and the gender gap in management in Organisation for Economic Co-operation and Development (OECD) countries can increase global economic activity by approximately 7%, or about $7 trillion, in today's dollars...

A report prepared by China's Ministry of Public Security and Ministry of State Security has indicated that $2.6 trillion may evaporate from the global economy if sanctions are imposed on China over its standoff with Taiwan, reported Nikkei Asia. This has shocked China...

International trade could contract 27% in the second quarter as the pandemic ravages global industries, according to the United Nations Conference on Trade and Development.  “Assuming persisting uncertainty, UNCTAD forecast indicates a decline of around 20% for the year 2020,”...

Uncertainty from the U.S.-China trade war and other international spats has squeezed global economic growth to its slowest level of growth since the recession of the late 2000s, the Organization for Economic Cooperation and Development said Thursday. The OECD reduced projections from its last...

William White, the chairman of the Organization for Economic Cooperation and Development (OECD) and former chief economist of the Bank for International Settlements, believes that global financial markets are now much worse off than they were prior to the Financial Crisis. According to White,...

The Organisation for Economic Co-operation and Development slashed its 2015 global growth forecast to 2.9 percent from a prior 3.0 percent forecast. The organization initially projected a 2015 global growth forecast of 3.7 percent last November. The quarterly report noted that the outlook...

Mexican billionaire Carlos Slim made news last month when he suggested implementation of a three-day workweek. Slim reiterated his three-day workweek proposal in Houston Monday saying the downside -– longer work hours and delaying retirement until the age of 70 to 75 -- would be more than...

Craig Barrett, former Intel (NASDAQ: INTC) chairman and CEO, went over education reform on CNBC's Squawk Box Tuesday morning with a specific emphasis on raising the current standards in order for the United States to remain internationally competitive. He also discussed Facebook's (NASDAQ: FB)...

Tuesday, Chicago Fed boss Charles Evans said that 2013 growth will likely fall short of expectations. In what is clearly a growing sign of Twitter's (NYSE: TWTR) ability to deliver news, the Chicago Fed live-tweeted Evan's speech which was given to Illinois bankers. Most notable was: @...

Futures Rise On Alcoa Beat U.S. equity futures rose slightly in pre-market trade following a positive report from economic bellwether Alcoa (NYSE: AA). Alcoa reported first quarter EPS ex-items of $0.11 which beat estimates of $0.08 but sales fell slightly short of the forecast. Alcoa also...