Finance & Economics

UK: spending to address COVID-19 and Brexit should fit with productivity, social and environmental goals

The United Kingdom faces major challenges from the COVID-19 crisis and leaving the EU Single Market. Ramping up investment in the digital economy, the service sector, green infrastructure and adult skills would strengthen the recovery and help to...

Employment situation, OECD, second quarter 2020

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(1) The chart provides a more comparable view of movements in US employment statistics with...

IMF: ‘Less severe’ but ‘still deep’ recession predicted

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A cargo ship docked at the port of Salvador in Brazil.

MENA: Global Action is Urgently Needed to Reverse Damaging Jumps in Extreme Poverty

The World Bank’s biennial Poverty and Shared Prosperity report finds that the rate of extreme poverty in the MENA region rose from 3.8% in 2015 to 7.2% in 2018 — the latest year for which data is available. This followed another rise in poverty in the...

International community renews commitment to address tax challenges from digitalisation of the economy

The international community has made substantial progress towards reaching a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and agreed to keep working towards an agreement by mid-2021,...

Unemployment Rates, OECD - Updated: October 2020

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Consumer Prices, OECD - Updated: 5 October 2020

Annual inflation in the OECD area overall was stable at 1.2% in August 2020. Energy prices continued to fall in August (minus 7.1%), but at a slower pace than in July (minus 8.4%), while food price inflation picked up slightly to 3.9%, compared with 3...

Composite Leading Indicators (CLI), OECD, October 2020

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South Asia: Worst Economic Plunge, Informal Workers Hit Hardest

South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty, says...

World Bank Confirms Economic Downturn in Sub-Saharan Africa, Outlines Key Polices Needed for Recovery

Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis...