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Foreign bribery : South Africa should take a more proactive stance, says OECD

July 19, 2010 8:23 am | by OECD | News | Comments

South Africa should step up its efforts to detect, investigate and prosecute cases of bribery in international business deals, according to a new report by the OECD’s Working Group on Bribery.

South Africa : Boosting job creation and exports key to growth, says OECD’s Gurría

July 19, 2010 6:21 am | by OECD | News | Comments

South Africa should leverage the positive impact of the World Cup to improve living standards by boosting job creation and exports, said OECD Secretary-General Angel Gurría at the launch of the OECD Economic Survey of South Africa in Pretoria today.

Economy: migration key to long-term economic growth, says OECD

July 12, 2010 1:22 am | by OECD | News | Comments

International migration has fallen during the economic crisis, but as the recovery moves into gear migrants will once again be needed to fill labour and skill shortages, according to a new OECD report.

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Survival training for astronauts

July 9, 2010 7:21 am | News | Comments

At the end of June, ESA’s six astronaut candidates were thrown out of a helicopter, left to drift at sea and abandoned under the hot Mediterranean sun – but luckily they were well-trained and under supervision. Astronauts have to be prepared for almost everything in space, but also anything on the ground.

Statistics : Composite leading indicators point to continued but slower expansion

July 9, 2010 4:24 am | by OECD | News | Comments

OECD composite leading indicators (CLIs) for May 2010 continue to point to an expansion but with stronger signals of a slowing pace of growth than in last month's assessment. The CLI for the OECD area increased by 0.1 point in May 2010, the 10th consecutive monthly deceleration.

EIT Chairman at the European Business Summit 2010

July 8, 2010 5:23 am | by European Institute of Innovation and Technology | News | Comments

Dr Martin Schuurmans, Chairman of the EIT Governing Board, was invited to take part in the 8th...

Statistics: Stockbuilding continued to drive OECD GDP growth in the first quarter of 2010

July 8, 2010 3:23 am | by OECD | News | Comments

Real GDP in the OECD area grew by 0.6% in the first quarter of 2010 compared with the last quarter of 2009. Stockbuilding was the main contributor to OECD GDP growth for the third consecutive quarter.

Employment: Job creation must be a top priority in months ahead, says OECD’s Gurria

July 7, 2010 3:22 am | by OECD | News | Comments

OECD countries need to create 17 million jobs to get employment levels back to where they were before the crisis, according to the OECD’s Employment Outlook 2010 a new OECD report.Unemployment may have peaked in the OECD area, having reached 8.6% in May 2010, it says. Watch the webcast of...

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Agriculture: Government support to farmers rises slightly in OECD countries

July 1, 2010 3:24 am | by OECD | News | Comments

The share of farm receipts provided by government programmes rose slightly in OECD countries last year, reversing a declining trend in state support since 2004, according to a new OECD report.

VP Tajani on Corporate Social Responsibility

June 30, 2010 2:23 am | by European Commission | News | Comments

VP Tajani spoke before the Leaders' Summit of the UN Global Compact on the importance of Corporate Social Responsibility. EU objectives for next year will include: greater emphasis on company transparency, implementation of the United Nations Framework on business and human rights and...

Statistics: Annual inflation rate in OECD eases slightly to 2.0% in May 2010

June 29, 2010 5:25 am | by OECD | News | Comments

Consumer prices in the OECD area rose by 2.0 % in the year to May 2010, slightly down from 2.1% in April. This small decrease in inflation rates mainly reflected the slowing down of energy prices, which increased by 11% in May, compared with 12.1% in April.

Health : Growing health spending puts pressure on government budgets, according to OECD Health Data 2010

June 29, 2010 5:24 am | by OECD | News | Comments

In all OECD countries total spending on healthcare is rising faster than economic growth, pushing the average ratio of health spending to GDP from 7.8% in 2000 to 9.0% in 2008. Factors pushing health spending up - technological change, population expectations and population ageing - will...

Israel: Farm reforms showing results, but environmental challenges and market distortions remain

June 29, 2010 12:24 am | by OECD | News | Comments

Government support to Israeli farmers has fallen over recent years but a number of market distorting policies are still in place, according to a new OECD report. More efficient water resource management remains a critical challenge, the report adds.

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G20 : Keep up reforms in order to boost jobs

June 27, 2010 2:23 pm | by OECD | News | Comments

G20 countries need to keep up the momentum of structural economic reform in order to boost confidence and job creation, OECD Secretary-General Angel Gurría tells G20 leaders.

G20: Policy must balance fiscal tightening with jobs support

June 26, 2010 7:23 am | by OECD | News | Comments

Policy makers must strike a "new balance" between the twin needs for fiscal consolidation and support for a jobs-rich recovery, OECD Secretary-General Angel Gurría tells business leaders ahead of the G20 summit.

Agriculture : Study rules out speculation as cause of agricultural price bubble

June 24, 2010 7:28 am | by OECD | News | Comments

Financial market speculation did not cause the price bubble in agricultural futures markets in 2007-08, according to a preliminary study prepared by two US academics for the OECD.

Secretary-General Gurría welcomes increase in Chinese exchange rate flexibility

June 23, 2010 6:28 am | by OECD | News | Comments

The OECD welcomes the announcement by the Chinese authorities of an increase in exchange rate flexibility. The OECD considers that a gradual appreciation of the exchange rate will help mitigate domestic inflationary pressures in China, while making monetary policy more effective. It will...

U.K. : Budget “courageous”, provides support for recovery

June 22, 2010 12:26 pm | by OECD | News | Comments

OECD Secretary-General Angel Gurría hailed the budgetary measures announced today by U.K. Chancellor of the Exchequer George Osborne as a courageous move that will underpin fiscal consolidation while supporting economic recovery.

China: Secretary-General Gurría welcomes increase in exchange rate flexibility

June 21, 2010 6:25 am | by OECD | News | Comments

“A combination of sustained fiscal expansion, continued structural reform and exchange rate flexibility, should provide a strong contribution from China to the achievement of a strong, sustained, and balanced growth of the world economy,” OECD Secretary-General Angel Gurría said in...

Economy : Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates

June 16, 2010 3:28 am | by OECD | News | Comments

The economic and financial crisis is accelerating a longer-term structural transformation in the global economy, with the aggregate economic weight of developing and emerging economies on the verge of surpassing that of the countries that currently make up the advanced world, according to...

Netherlands : Economic Survey says the new Government will have to address key challenges

June 16, 2010 1:25 am | by OECD | News | Comments

On the background of an improving economy, the new Government is faced with the main macroeconomic challenge of moving from an expansive the fiscal stance to focusing on securing sustainable public finances, while at the same time implement measures that secure occupational pensions and...

Agriculture: Higher average farm prices expected, food security concerns persist, say OECD and FAO

June 15, 2010 2:25 am | by OECD | News | Comments

Farm commodity prices have fallen from their record peaks of two years ago but are unlikely to drop back to their average levels of the past decade, according to the annual joint report from the OECD and the UN Food and Agriculture Organization (FAO).

Korea : Economic Survey says reforms are needed for a stronger recovery

June 14, 2010 11:25 pm | by OECD | News | Comments

Sustaining Korea’s strong recovery from the global downturn requires reforms, notably in the service sector, the labour market and the financial sector, to enhance productivity growth. Rapid population ageing makes health-care reform a priority. Korea also faces challenges in its...

Economy: G20 keeps investment flows open, but continued vigilance needed, say OECD, UNCTAD

June 14, 2010 5:26 am | by OECD | News | Comments

The OECD and UNCTAD have commended G20 countries for avoiding new protectionist barriers to inward investment, while warning that continued vigilance is needed in the face of emergency measures to address the economic crisis that still pose a threat to competition and international investment.

Statistics : Composite leading indicators point to continued, though slower, expansion

June 11, 2010 2:25 am | by OECD | News | Comments

OECD composite leading indicators (CLIs) for April 2010 point to a slowing pace of expansion in most OECD countries. The CLI for the OECD area increased by 0.4 point in April 2010, slightly lower than the 0.5 point increase in March.

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