'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 in industrialized world to reach new post-WWII high in 2010September 16th, 2009 Unemployment in industrial world to hit new highPARIS — Unemployment in the industrialized world will hit its highest level since World War II next year, surpassing the current peak, as the global economy looks set for only a timid recovery in 2010, an international organization said in a report Wednesday. The jobless rate in the 30 rich countries that belong to the Organization for Economic Cooperation and Development will approach 10 percent in the second half of next year, according to the OECD's latest employment outlook report.
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.
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.
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.
OECD members to tighten screws on tax havensJune 23rd, 2009 BERLIN - Leading industrial nations agreed Tuesday to strengthen cooperation and take a tougher approach towards tax havens. Ministers and representatives from 20 member-countries of the Organisation for Economic Cooperation and Development (OECD) approved the move at a conference in Berlin.
New OECD report says global agricultural prices to remain high, possibly volatileJune 17th, 2009 Global agriculture prices to stay high, OECD saysPARIS — Prices for agricultural commodities are likely to remain higher than over the past decade due to the biofuel industry's growing use of feedstock and renewed food demand in developing nations, an OECD report said Wednesday. Prices may also be more volatile as a result of oil and energy costs and erratic weather conditions, the Organization for Economic Co-operation Development said in its Agricultural Outlook for 2009-18.
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.
True to their image, French top leisure habits list for eating and sleepingMay 4th, 2009 Survey says French excel at eating, sleepingPARIS — The French are living up to their image as lovers of food and can add a new love to the mix, sleep, according to a survey released Monday. In fact, the French excel at the two leisure activities, spending more time at table and in bed than many other nations.
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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