The Latest Breaking News from OECD

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

Although literacy varies across states, the average literacy rate of the US hasn’t changed since 2012.

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

Increasing the rate of paid maternity leave, so it is tied to prior earnings, rather than just increasing the time off work, could lead to better and fairer outcomes for Australian families.

By introducing four weeks of paid parental leave for partners if re-elected, the Labour Party would move New Zealand out of an undesirable and tiny club of OECD nations. Only the United States and Israel would then not offer something similar after the birth (or adoption) of a baby.

UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline

In Russia this summer, you can still enjoy a Cornetto, but you can forget about eating a Tunnock’s tea cake or a Big Mac. This is because Cornetto’s UK-headquarted parent company, Unilever, is still operating in Russia after its invasion of Ukraine, alongside many other western firms such as PepsiCo.

Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower share than the 33.5% in OECD economies.