International economic organisation
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The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 37 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies of its members. Generally, OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. As of 2017, the OECD member countries collectively comprised 62.2% of global nominal GDP and 42.8% of global GDP at purchasing power parity. The OECD is an official United Nations observer.
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Mathias Cormann will retire from Parliament this month as he pursues top job at OECDMathias Cormann is being nominated for the position of secretary-general of the OECD when he retires from politics on 30 October.
Coronavirus: Hit to global economy 'will be less than expected' in 2020The OECD now forecasts a decline of 4.5% in 2020, but says the damage will still be "unprecedented".
Posthaste: The pandemic could wipe out $10 trillion in GDP growth in OECD countries: McKinseyGood morning, Prime Minister Justin Trudeau’s top lieutenants have been putting their heads together (at least virtually) over the past few weeks to come up with some kind of revolutionary plan to..
Canada finance minister resigns amid friction with Trudeau and charity scandalShares Canada's finance minister resigned on Monday amid friction with Prime Minister Justin Trudeau over spending policies and after coming under fire for his ties to a charity tapped to run a student..
Global report gives Australia an A for coronavirus response, but a D on climateA global report has ranked Australia third among OECD countries for its response to the coronavirus pandemic.
Shunning international tax talks could trigger trade war: OECDFailure to work towards an international deal on taxing big digital companies could trigger a dangerous trade war, the OECD said on Thursday, urging countries to remain engaged in talks after..
Australian recovery requires an extended support package, more social housing: OECDThe Australian government should consider extending its financial support package and investing in education and training, says the OECD.
Economy could contract 6.3pct on 2nd waveAustralia's economy could contract sharply if there's a second wave of coronavirus, producing long-lasting consequences, the OECD says.
Coronavirus: UK economy could be worst hit among leading nations, says OECDThe OECD says the UK economy is likely to shrink 11.5% this year - the worst of developed countries.
OECD sees deepest peace-time slump in a centuryThe global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on Wednesday.
OECD says leading indicators flag biggest monthly drop on recordMajor economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for..
Life and the economy will not be normalized soon, OECD chief saysOECD Secretary General Angel Gurria outlines the global economic impact of the coronavirus crisis. ......
Global economy will suffer for 'years to come' says OECDOECD boss Angel Gurría says the economic shock is already bigger than the financial crisis
U.S. Treasury's Mnuchin: Tax certainty needed on global basisU.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to have tax certainty on a global basis and that the OECD was very close to consensus on a framework for minimum corporate..
Facebook's Zuckerberg wants 'new framework' for digital tax"We also want tax reform and I'm glad the OECD is looking at this," Zuckerberg says in published extracts of a speech he will make in Germany on Saturday. "We want the OECD process to succeed so that..
Should Australia be in PISA shock?From every viewpoint, the Australian PISA results were a bad set of numbers. Should we be in shock, asks an Australian who led the OECD's latest global test of 15-year-olds.
French students still affected by social inequality despite egalitarian 'façade'France is still one of the countries where student performance is most affected by their economic and social background, the OECD’s Programme for International Student Assessment (PISA) found in its..
'Alarm bells': Australian students record worst result in global testsAustralian students have failed for the first time to exceed the OECD average in maths, while NSW recorded the country's biggest drops in reading and science
Education levels stagnating despite higher spending: OECD surveyEducation performance has largely stagnated in many OECD countries over the last two decades despite higher spending, the Organisation for Economic Cooperation and Development said on Tuesday in a..
Take Five: A spanner in the global economic worksCan we have it both ways? For two decades, trade expansion has fueled rapid global economic growth. But with trade volumes contracting at a rate of more than 1% year-on-year and the Sino-U.S trade war..
France, US, OECD 'closer' to tax agreement on tech mega-companies: MnuchinWashington is inching toward an agreement with Paris and the Organization for Economic Cooperation and Development on taxing global tech giants, US Treasury Secretary Steven Mnuchin said on Wednesday.
U.S. backs Brazil for OECD membership, but Argentina firstThe U.S. government said on Thursday that it supported Brazil's taking steps toward joining the Organization for Economic Cooperation and Development (OECD), though it is first backing accession by..
U.S. withholds support for Brazil OECD bid despite Trump endorsementThe U.S. government has not yet formally backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two..
U.S. supports Brazil’s steps towards OECD membership: PompeoThe United States supports Brazil's bid to join the Organization for Economic Cooperation and Development (OECD), Secretary of State Mike Pompeo said in a statement on Thursday.
U.S. drops support for Brazil OECD bid after Trump offered backing: Brazilian sourcesThe U.S. government has not backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two Brazilians who..
U.S. does not back Brazil for OECD membership: Brazil officialsThe U.S. government said in a letter to the Organization for Economic Co-operation and Development (OECD) that it was backing Argentina and Romania for full membership, but made no mention of Brazil's..
Factbox: International tax faces biggest shake-up in decades under OECD planThe Organisation for Economic Cooperation (OECD) has proposed overhauling rules for taxing cross-border corporate income to bring them into line with the digital age.
New immigrants to Oecd countries stood at 68 lakh during 2017
OECD joins Australia's push against online extremist materialAustralia will work with the OECD and New Zealand to develop a reporting protocol for tech companies to reveal publicly how many terrorist postings they remove.
India turns to Korea for tech push to Ayushman BharatSouth Korea is ranked first in healthcare access among high-income OECD countries.