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The Latest Breaking News from OECD

Australia, along with other OECD countries, is mired in mediocrity – and the RBA seems intent on keeping us there

If the Reserve Bank won’t drop interest rates next week, it will be another example of one of our institutions aiming low

The Guardian - AU

Trump's Tariffs Have Already Hurt the Economy—and the Pain Is Only Beginning

The OECD just published its projections for American growth, and they're grim.

Reason

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK

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As growth hopes fade, shrinking Reeves has a mountain to climb

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

The Independent UK

Kingfisher flies but FTSE 100 loses early gains

The FTSE 100 Index closed down 3.36 points at 9,223.32.

Evening Standard

OECD warns Trump’s tariffs have ‘yet to be fully felt in the U.S. economy,' downgrades growth forecast with grim outlook

U.S. growth is set to fall to 1.5% in 2026.

Fortune

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

The Independent UK

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Tech Migrants 'Key' For US Growth, Warns OECD Chief Economist

High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry.

International Business Times

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

Evening Standard

OECD Ups World Economic Outlook As Tariffs Contained, For Now

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

International Business Times

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Independent UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Guardian - UK

Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

AAP

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

The Independent UK

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The Guardian - UK

‘A defining moment’: Trinidad and Tobago at a crossroads as oil runs out

Fossil fuels made the nation prosperous but as reserves dwindle, do they drill deeper, even as the Caribbean feels the heat of the climate crisis, or shift to a greener economy?

The Conversation

To close its productivity gap, Canada needs to rethink its higher education system

Canada is facing a productivity crisis that threatens wages, competitiveness and long-term prosperity. Canadian productivity lags behind the United States by 28 per cent and ranks 18th among Organisation for Economic Co-operation and Development (OECD) countries.

Euronews

Where in the EU do most young adults have a university degree?

Where do most young Europeans have a higher education degree? A new OECD report reveals sharp contrasts across the EU, with Ireland at the top and Italy at the bottom.

Reason

Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

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Euronews

Inflation projections for Europe in 2026: Which countries will have the highest and lowest rates?

Euronews Business takes a closer look at the ECB and OECD inflation projections for the euro area and wider Europe in 2025 and 2026.

Euronews

Real household income per capita in Europe: Which countries have the highest increase and decline?

Euronews Business examines how real household income per capita and real GDP per capita changed in the first quarter of 2025.

Euronews

Academic research shows UK gender gap underestimated in official data for decades

The gender pay gap in the UK is more than twice that of France and Spain. New research suggests the gap is one percentage point higher than official figures.

The Conversation

We can’t fix what we don’t track. That’s why Australia needs an official poverty measure

Following last month’s economic reform roundtable, Treasurer Jim Chalmers said all attendees agreed “higher living standards is the holy grail, and a more productive economy is how we deliver it”.

Al Jazeera

South Korea trials 4-day weeks and half-days for its stressed-out workers

The East Asian nation known for its grueling work culture is trying to find a better work-life balance for its citizens.

The Conversation

Counterfeit Chanel, Louis Vuitton and Hermès bags from China: examining an online phenomenon and its risks for consumers

In mid-April 2025, a wave of videos swept through TikTok claiming that some brands of luxury leather goods, especially French ones, actually make their products in China. The content creators presented themselves as official manufacturers, urging customers to buy bags directly from the source at a fraction of the retail price.

The Conversation

Four reasons why the UK lags behind its rivals on productivity

Many people in the UK feel they are working harder than ever. A higher cost of living and more precarious work arrangements push many households to take on longer hours and multiple jobs. Data back this feeling: from 2010 to 2024, the UK had the largest increase in hours worked…

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People

Kamla PersadBissessar

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Office for National Statistics

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International Monetary Fund

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