Finance & Economics

US Stocks Drop Sharply Amid Global Growth Concerns

Key Wall Street indexes fell sharply on Wednesday as new economic data from the U.S. added to concerns about the health of the global economy. Although benchmark indexes later recovered from their session lows, the losses threatened to wipe out most...

Korea: Promote inclusive growth through greater employer involvement in the employment and skills system, says OECD

Korea has made significant progress towards decentralising the management of employment and training programmes, but can still do more to create stronger links with employers at the local level, according to a new OECD report

Employment situation, second quarter 2014, OECD

Employment rates
Employment as a percentage of
the working-age population (Left)
Change in OECD employment rates
Percentage points (Right)
...

As Mozambique Votes, Economy Dominates Election Issues

As Mozambique prepares to vote Wednesday, the nation has clearly progressed beyond its reputation as a war-ravaged southern African nation that struggled for decades to piece itself together. Mozambique is full of economic promise, thanks in part to...

OECD unemployment rate falls to 7.3% in August 2014

OECD Harmonised Unemployment Rates, s.a.
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(1) For the United Kingdom, data refer to June 2014, compared to...

Monaco deepens commitment to fight offshore tax avoidance and evasion

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José Badia, Principality of Monaco’s Minister for Foreign Affairs and Cooperation and William Danvers...

Hunger Among Hispanics on the Decline

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IMF Mission Reaches Staff-Level Agreement on Completion of the Fifth Review Under the Stand-By Arrangement with Jordan

An International Monetary Fund (IMF) mission visited Amman during September 9–21, 2014 to review Jordan’s economic program, supported by a Stand-By Arrangement (SBA). The discussions with the authorities continued this week during the IMF-World Bank...

EU job-search aid for former car workers in France and steel workers in Belgium

Over 3,100 workers made redundant by Peugeot Citroën Automobiles (PSA) in France and crude steel producer Carsid SA Belgium are to get EU aid worth €13.5 million to help them to find or create new jobs. The European Globalisation Adjustment Fund (EGF...

Communiqué of the Thirtieth Meeting of the IMFC Chaired by Mr. Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Minister for Finance

The global recovery continues, but is uneven and weaker-than-expected, and downside risks have increased. We are committed to lifting potential growth and to creating a more robust, sustainable, balanced, and job-rich global economy.