Tag: Angel Gurría

Angel Gurría
Wednesday, November 26th 2014 - 10:30 UTC

OECD warns about Euro zone 'prolonged' stagnation with global impact

“We are far from being on the road to a healthy recovery. Japan has fallen into a technical recession,” OECD Secretary-General Angel Gurria said

Global economic growth in the coming two years is facing difficulties because of problems of recession in Japan and stagnation in the European economies and prospects for healthy growth “are stuck in low gear,” the Organization for Economic Cooperation and Development said on Tuesday.

Thursday, October 30th 2014 - 21:49 UTC

Fifty one countries sign 'milestone' accord against tax evasion

The accord will end banking secrecy as it has been known for decades, the finance minister, Germany's Finance minister Wolfgang Schäuble

Fifty one nations on Wednesday signed what was hailed as a milestone in the fight against tax evasion, an agreement that commits them all to automatic exchange of tax information starting in 2017. The accord capped a two-day meeting of officials from most of the 123 nations that have joined the Global Forum, which evolved from an agreement by Germany and Britain two years ago to crack down on tax evasion and tax fraud.

Saturday, February 22nd 2014 - 07:04 UTC

OECD warns global economy is threatened by a new low-growth era

Secretary General Gurria and Australian Treasurer Hockey presenting the report

A widespread slowdown in global economic productivity is threatening to usher in a new low-growth era, the Organisation for Economic Cooperation and Development has warned.

Thursday, November 21st 2013 - 07:02 UTC

US 'budget-debt ceiling' political clashes threaten slower world growth, warns OECD

”Gurria: The recovery is real, but at a slow speed, and there may be turbulence on the horizon”

The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.

Monday, November 11th 2013 - 12:44 UTC

Despite Forbes/ JP Morgan, Bachelet guarantees continuation of 'Chilean economic miracle'

“From the perspective of a developed country, Michelle Bachelet’s program is completely mainstream” say economists and political analysts (Photo AP)

On the brink of Chile's presidential elections, 17 November, US business magazine Forbes has published an article warning voters that electing Michelle Bachelet of the Socialist Party (PS) would put an end to the Chilean “economic miracle.”

Saturday, June 15th 2013 - 04:06 UTC

Greeks and Spaniards move north in growing numbers looking for jobs, says OECD

“This is a brain-drain which has long-term consequences,” Gurria said.

Greeks and Spaniards are moving to northern Europe in growing numbers, the Organization for Economic Cooperation and Development (OECD) said this week, as soaring unemployment rates and fiscal austerity erode living standards in the south.

Wednesday, November 28th 2012 - 21:50 UTC

Chile and Mexico among the best performing members of OECD in next two years

Gurria has asked Mexican president elect Peña Nieto to implement much needed reforms

Chile and Mexico will manage to a great extent to avoid the negative prospects from OECD members in the next two years. The half year report from the Organization for Economic Cooperation and Development anticipates a serious weakening of activity in the Euro zone, the US and Japan, but the two OECD Latinamerican members as well as emerging power Brazil will have a contrasting performance.

Saturday, November 10th 2012 - 02:35 UTC

China forecasted to become world’s largest economy, ahead of the US in 2016

OECD Secretary General Gurria is also cautious about the report: “no forecasts set on stone”

China is projected to overtake the US to become the world's largest economy as early as 2016, according to a report by the Organization for Economic Co-operation and Development (OECD) released on Friday.

Wednesday, July 11th 2012 - 22:09 UTC

OECD/FAO anticipate promising future for farm-commodity prices

Agricultural production needs to increase 60% in the next four decades

World farm commodity prices will edge higher in the next decade, and oilseeds are set to outperform wheat and other cereals, both trends fuelled by demand in emerging economies, the OECD said on Wednesday, presenting a joint report with the UN's food agency FAO.

Tuesday, July 10th 2012 - 21:02 UTC

The 34-country OECD has 48 million jobless with little hopes until 2014

OECD Secretary-General Angel Gurria

Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said today.

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