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The Latest Breaking News from OECD

Plus: Drilling in the Alaskan wilderness, Harvard tries "wastefulness" argument, Stephen Miller tells on himself, and more...

Reason

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

Euronews

Rachel Reeves must hike taxes and slash spending to counter Trump tariffs: OECD

IN FULL

The Independent UK

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UK growth downgraded as global economy dragged by Trump trade wars

In the UK, the economy is expected to grow by 1.3% this year, with the OECD cutting its previous forecast of 1.4%.

Evening Standard

Reeves urged to raise taxes and cut public spending as UK growth to stall after Trump tariffs

Labour chancellor under pressure from the OECD ahead of upcoming spending review

The Independent UK

Papa Johns gets cheeky to power its comeback

Also: OECD cuts growth forecast, Meta plans to replace workers with AI, and Chime sets IPO price.

Fortune

OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

Evening Standard

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Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

The Guardian - UK

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Euronews

Europe’s rising retirement ages: One country leads—which will follow?

Several countries have already implemented reforms to raise the retirement age. The OECD projects that by 2060, the average retirement age in the EU will approach 67, with several countries reaching 70 or more.

Euronews

Lack of funding threatens women-led peace initiatives, UN warns

Policymakers, civil society leaders, and international organisations met in the Belgian capital on Wednesday to reflect on the progress made by the Women, Peace, and Security agenda since its implementation 25 years ago and which challenges still need to be overcome.

Euronews

NZ Budget 2025: funding growth at the expense of pay equity for women could cost National in the long run

In 1936, when the National Party was created through a merger of the United and Reform parties, there was a recognition among the power brokers that attracting women’s votes was crucial.

The Conversation

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Reason

Trump's Prescription Price Controls Would Lead to Fewer New Drugs

The executive order is likely unconstitutional, but if implemented as written, it would be detrimental to the American health care market.

Euronews

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Which EU country seizes the highest amount of fake goods?

EU customs officers reported significant volumes of counterfeit goods that pose health and safety issues.

Roll Call

Q&A on Trump’s prescription drug pricing executive order - Roll Call

President Donald Trump said his executive order on drug prices would lower some prices in half or more. But the details are scant.

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Euronews

Where did real wages rise and fall the most in Europe in 2024?

In 2024, real wage growth was strongest in Eastern Europe. Among the 32 European countries, it declined in only four.

The Conversation

Philosopher Hannah Arendt provokes us to rethink what education is for in the era of AI

In the 1954 essay The Crisis in Education, German-American philosopher Hannah Arendt argued that crisis can act as an opportunity to revisit questions that have produced presumed and outdated answers.

The Conversation

New recommendations for regulating neurotechnology in Canada include protecting Indigenous rights

With Canada’s federal election behind us, we can now focus on a renewed commitment to our values and to economic growth. Both entail a commitment to the health and well-being of Canadians.

The Independent UK

Trump is slashing US spending on climate aid. But all is not lost

IN FOCUS: Developing countries will be hit hard by the US president’s decision to cut all aid spending on climate projects, writes Nick Ferris. But other countries will fill some of the gap left by the Trump’s retreat, writes Nick Ferris

The Conversation

Indonesia’s ‘thousand friends, zero enemies’ approach sees President Subianto courting China and US

For much of April and into May, a team of negotiators from Indonesia have been in Washington to discuss trading relations between the world’s largest economy and another forecast to be in the Top 5 within a generation.

Euronews

Europe’s top tax breaks for the rich – see how countries compare

A number of countries, eager for investment and tax revenue, are hoping to become magnets for the wealthy.

The Guardian - UK

‘Conversation on future of aid long overdue’: UK looks to lead response to swingeing US cuts

Huge cuts by Trump administration to international aid budgets has left a vacuum and Britain is looking to lead efforts to find a path forward

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