The Latest Breaking News from OECD

Country gives just $1 in assistance for every $10 that goes to defence, humanitarian groups say

Asked to find an extra A$20 billion per year to fund government priorities like building nuclear submarines and responding to climate change, Australia’s top economists overwhelmingly back land tax, increased resource taxes, an attack on negative gearing and extending the scope of the goods and services tax.

Australia and other developed countries must achieve net-zero emissions a decade earlier than most have promised, the UN chief says.

The UN secretary-general says developed nations like Australia must bring forward their net-zero timelines by a decade, given the latest climate change report.

South Korea's government has moved aggressively to encourage more childbirth, but its ongoing struggles point to the complexity of a challenge that is only becoming more salient around the world.

The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies. After growth last year of 3.2%, the world economy is on course to expand…

The OECD has slightly downgraded its forecasts for Australia's growth in its latest look at how the global economy is faring.

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.

Britain’s GDP is forecast to fall by less than previously expected, but is still behind all other major economies