The Organisation for Economic Co-operation and Development (OECD) stated that Austria's economic activity is projected to recover slowly from a two-year contraction, with GDP growing by 1.1 per cent in 2025 and 1.4 per cent in 2026.
Generative Artificial Intelligence (AI) will impact regional local job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report.
OECD has also upwardly revised India's GDP growth by 10 basis points and has pegged at 6.7 per cent in 2024-25 and by 20 basis points for 2025-26 at 6.8 per cent.
Eighty-five per cent of the total expected increase in the global working-age population by 2050 will be in Africa. The working-age population (15-64 years old) will almost double in Africa by that year, from 849 million in 2024 to 1.56 billion in 2050.
On Oct 8, 2021, both countries joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the United Kingdom) in reaching agreement on the Statement on a Two-Pillar Solution of OECD/G20, to Address the Tax Challenges Arising from the Digitaliza
Dubai's private schools continue to shine in international rankings, placing second in financial literacy and sixth in creative thinking, according to a study conducted as part of the Programme for International Student Assessment (PISA) 2022 by the Organisation for Economic Cooperation and
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth this year. Escalation of the recent conflict in the Middle East, financial stress, persistent inflation and slowdown in international trade are downside risks for the global growth.
India's GDP is projected to grow at 7.8 per cent in the just-concluded financial year 2023-24 and forecast is of around 6.6 per cent in each of the following two fiscal years, according to OECD's latest Economic Outlook. However, global near-term developments pose obstacles to higher growth.
International aid from official donors rose in 2023 to a new all-time high of USD 223.7 billion, up from USD 211 billion in 2022, as provider countries increased aid flows to Ukraine and directed more humanitarian assistance to developing countries, according to preliminary data collected by