'Unemployment to rise even as recession ends'September 16th, 2009 PARIS - Joblessness in the US, Europe and Japan is expected to continue rising even as their economies recover, the Organization for Economic Cooperation and Development (OECD) said Wednesday. "There is great uncertainty looking forward, but labour market conditions appear set to deteriorate further in the coming months," the OECD said in its Employment Outlook 2009, released in Paris.
OECD forecasts unemployment to reach new postwar high of some 10 percent in 2010September 16th, 2009 Unemployment to hit new postwar high, OECD saysPARIS — Unemployment in leading industrialized nations will hit a new postwar record next year, surpassing the current high, as the global economy looks set for only a timid recovery in 2010, the OECD said in a report Wednesday. The jobless rate in the 30 member countries of the Organization for Economic Cooperation and Development will approach 10 percent — meaning 57 million people out of work — in the second half of 2010, according to the OECD's latest employment outlook report.
OECD forecasts social benefits from recessionSeptember 8th, 2009 BERLIN - A study of education round the globe forecast Tuesday that the world recession may paradoxically benefit societies, since it will prompt the next generation to get a better education. The Education at a Glance report was issued by the Organization for Economic Cooperation and Development (OECD) in Paris and Berlin.
OECD says economies to rebound earlier than predicted, though recovery remains fragileSeptember 3rd, 2009 OECD predicts earlier recovery than forecastPARIS — The world economy is headed for an earlier recovery than previously forecast, although the pace of the rebound will likely remain modest for some time to come, the OECD said Thursday. The Paris-based watchdog of industrialized nations said recessions this year in Japan and the euro zone will be less severe than the organization forecast in June, while the outlook for the U.S.
US fares poorly in OECD survey of childhood welfare, despite above-average spendingSeptember 1st, 2009 US fares poorly in child welfare surveyPARIS — America has some of the industrial world's worst rates of infant mortality, teenage pregnancy and child poverty, even though it spends more per child than better-performing countries such as Switzerland, Japan and the Netherlands, a new survey indicates. The OECD, a Paris-based watchdog of industrialized nations, urged the United States to shift more of its public spending to its youngest children, under the age of six, to improve their health and educational performance.
US youth fare poorly in OECD survey of childhood welfare, despite above-average spendingSeptember 1st, 2009 US youth fare poorly in child welfare surveyPARIS — American youths suffer among the industrialized world's worst rates of infant mortality, teenage pregnancy and child poverty, even though the United States spends more per child than better-performing countries such as Switzerland, Japan and the Netherlands, a new survey indicates. The OECD, a Paris-based watchdog of industrialized nations, urged the U.S.
Energy group sees rising world oil demand, productionAugust 12th, 2009 PARIS - Amid signs of a world economy now righting itself, the International Energy Agency (IEA) Wednesday raised its projections for world oil demand and output this year and in 2010. The Paris-based group said it expected demand this year to average 83.9 million barrels per day (b/d), some 190,000 b/d higher than what the IEA had projected just last month.
IEA says global oil demand to rebound strongly in 2010 after 2-year dropJuly 10th, 2009 IEA forecasts strong rebound in oil demandPARIS — Global oil demand will rebound 1.7 percent next year as recovery in developing countries helps counter a two-year drop in oil usage sparked by the global recession, the International Energy Agency said Friday. The Paris-based agency predicted Friday in its closely watched monthly survey that global oil demand will increase by 1.4 million barrels a day in 2010 to 85.2 million barrels a day.
ADB: Asia set for mild economic recovery in 2010, sustained growth will take longerJuly 2nd, 2009 ADB: Asia set for mild economic recovery in 2010MANILA, Philippines — Asia is set for a mild economic recovery from the global financial crisis in 2010 after bottoming out this year, the Asian Development Bank's chief economist said Thursday. "Clearly now we are in the transition from recession to recovery," Jong-Wha Lee said.
OECD ups India growth forecast, slams protectionismJune 24th, 2009 LONDON - The Organisation for Economic Cooperation and Development (OECD) Wednesday said India was on course to achieving a 7.2 percent growth rate next year but said it was concerned about what it described as the country's increasing protectionism. The OECD said the Indian growth rate would dip to 5.9 percent this year before rising to 7.2 percent in 2010 - an upward revision of its previous forecast of 4.3 percent in 2009 and 5.8 percent the year after.
OECD sees recession nearing bottom, but warns recovery may be weakJune 24th, 2009 Global recession nearing bottom, OECD saysPARIS — The deepest global recession in over 60 years is close to bottoming out, but recovery will be weak unless governments do more to remove uncertainty over banks' balance sheets, the Organization for Economic Cooperation and Development (OECD) said Wednesday. In its half-yearly economic outlook, the Paris-based organization said it expects its member countries' economies to shrink by 4.1 percent this year, with only government rescue measures heading off an even worse decline.
Unemployment in OECD countries to approach 10 percent in 2010, OECD saysJune 23rd, 2009 OECD warns unemployment will rise in 2010PARIS — Unemployment in the 30 most developed market democracies of the world will continue to rise next year to reach almost 10 percent by the end of 2010, the Paris-based Organization for Economic Cooperation and Development said Tuesday. More than 57 million people will be unemployed in the 30 countries making up the OECD at the end of 2010, up from 37.2 million at the end of 2008, the international body said in a report.
French are world champions in eating, drinking and sleepingMay 4th, 2009 PARIS - No one in the developed world spends more time than the French on eating, drinking and sleeping, according to a study by the Organisation for Economic Cooperation and Development (OECD) issued here Monday. The study, titled Measuring Leisure in OECD Countries, found that French men and women above the age of 15 spend an average of about two hours and 15 minutes a day eating and drinking.
IMF: Asia could see 'modest recovery' in 2010, boosted by stronger export demand, stimulusApril 22nd, 2009 IMF says Asia could see 'modest recovery' in 2010BEIJING — The International Monetary Fund says Asian economies could see a modest recovery next year, boosted by stronger export demand and stimulus spending. Trade-driven Asia has been hit harder than expected by the worst global downturn since the 1930s.
Energy agency again downgrades 2009 global oil demandApril 10th, 2009 PARIS - Worse-than-expected prospects for the world economy has prompted the International Energy Agency (IEA) to again revise downward global oil demand for 2009. In its Monthly Oil Report, issued Friday in Paris, the IEA said that 'after a flurry of downward adjustments by both public and private forecasters', oil demand for 2009 has been revised down by 1 million barrels per day, to 83.4 million barrels per day.
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