The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.
The Bank of England signaled on Thursday that it remains on course to lift interest rates in Britain this year and next, as figures showed a yearlong squeeze on consumers caused by a steep fall in the pound appears to be coming to an end.
Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to the UK staying within the EU would have a significant positive impact on growth, the OECD said.
The British ambassador to Argentina, Mark Kent, underlined the United Kingdom's intentions to “improve” bilateral relations and admitted a meeting between President Mauricio Macri and Prime Minister Theresa May within the framework of the G20 was possible. However, he made it clear that with regards to the Falkland Islands question “the islanders have the right to define their own future.”
Singapore has come top of the class in the Organisation for Economic Co-operation and Development's (OECD) latest global education survey, with the Asian city-state's students the highest performing in tests on basic academic skills. Japan came in second in the OECD's survey, followed by Estonia, Taiwan and Finland. Japan and Canada, which came seventh, G7 nations fell lower in the data.
Argentina has not been included in the Organization for Economic Cooperation and Development’s ranking of education quality because the information provided by the country was deemed insufficient. The OECD-designed PISA test evaluates the academic performance of 15-year-olds in 71 countries around the world in math, science and reading comprehension. It’s been conducted every three years since 2000.
Fiscal initiatives could boost global economic growth, the Organization for Economic Cooperation and Development (OECD) said Monday in its semi-annual economic forecast. The Paris-based think tank predicted a global gross domestic product (GPD) growth rate of 3.3% in 2017, a figure that remained unchanged from its last outlook released in June.
Pedro Pablo Kuczynski took office as Peru's president on Thursday, asking the opposition-controlled Congress to help him fight income inequality and ensure all Peruvians have access to running water, health care and free primary education.
The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook. But the two organizations warn of the need to be vigilant as the probability of a major price swing remains high.
A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year – well below its long-term average – and is a source of uncertainty for near-term prospects, the Organization for Economic Co-operation and Development (OECD) said on Monday.