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The Latest Breaking News from OECD

Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales

US-based business would have been liable for almost £7m if it had booked all UK sales at Etsy UK, TaxWatch finds

The Guardian - UK

Rising prices have consumers around the world feeling gloomy about the economy

Inflation is pressuring household budgets, pushing down consumer confidence in a slew of nations.

Axios

Taiwan’s Lost Growth (Part 2): How Stagnant Wages are Throttling the Economy

Taiwan has one of the lowest GDP growths since 1995 among emerging economies. This is not going to change if wages don’t grow.

The News Lens

From analysis to the latest developments in health,
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Study finds Medicare for All could have prevented more than 200,000 deaths during the pandemic

The US has had more deaths per capita than its economic peers – and according to one study, it’s no mystery why

The Independent UK

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

5 charts on Australian well-being, and the surprising effects of the pandemic

Since 2001 our research group has asked 2,000 Australians every year how they’re doing. Are they satisfied with their standard of living, their relationships, purpose in life, community connectedness, safety, health and future security?

The Conversation

4 Beaten Down Silver Miners to Buy as the Economic Outlook Sours

The World Bank and the OECD nations have slashed their global growth forecasts for this year due to the ongoing war in Europe, supply-chain issues, and inflation. Amid this, the demand for silver is poised to explode. Hence, we think the beaten-down silver mining stocks Wheaton Precious Metals (WPM), Endeavour…

StockNews.com

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The 10 key points from the 'scene-setter' for an independent Scotland

ON Tuesday the Scottish Government released a “scene setter” for independence, a 72-page document that launches a fresh vision for Scotland’s…

The National (Scotland)

Rundown NHS hospitals have become a danger to patients, warn health chiefs

Exclusive: bill for repairs backlog runs to £9bn and waiting lists are lengthening because of lack of capital to improve infrastructure

The Guardian - UK

U.S. inflation rate is in the middle of the pack globally

Americans aren't alone in experiencing sky-high gas and food prices.

Axios

The Observer view on Britain’s dire economic outlook

The true cost of Brexit is becoming painfully clearer by the day

The Guardian - UK

Deportation flights to Rwanda can go ahead as planned, UK court rules

A court in London rejects an emergency bid to block the deportation of asylum seekers to Rwanda. The first refugees are expected to be flown to the east African country next week despite public outcry over its human rights record. Also in this edition, there's disappointment in South Sudan and…

France 24

The price of war: OECD warns of slowing growth, high inflation

Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that…

France 24

Price spikes continue, with oil up and OECD forecasting highest inflation since 1988

Markets globally are in the red as the world faces continuing inflation and the likelihood it will be tackled with rising interest rates. The ASX finishes down again.

ABC News

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Reuters

In another reset, PM Johnson pitches plan for UK economy, housing

Prime Minister Boris Johnson told Britons on Thursday he was "on your side", vowing to build a high-growth, low-tax economy where everyone could buy their own home, in his latest attempt at a reset after surviving a major revolt against his leadership.

The Guardian - UK

UK economy ‘will grind to a halt’ and then shrink, BCC forecasts

Business group downgrades its outlook for growth next year to 0.6% as inflation soars

The Guardian - UK

Fuel cost surge and dire economic forecast shatter PM’s hope of reset

Zero-growth warning for UK as petrol prices surge and OECD says Britain will be weakest economy in G7 next year

AAP

Payroll jobs grow more slowly than 2021

The Australian Bureau of Statistics said payroll jobs grew by 0.2 per cent in the month to May, recovering after the impact of the Easter holiday in April.

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Evening Standard

Why everyone’s on strike (but why it’s not the 1970s either)

I did something dumb yesterday – I forgot to check Citymapper. So I walked to my local tube station for 7:05am, only to find it was still shut following Monday’s strike. I returned home and in a dangerously decaffeinated haze put my pyjamas back on.

Evening Standard

UK economy to flatline in 2023 as cost of living crisis curbs spending , warns OECD

Inflation set to rise to levels “not seen since the Seventies.”

The Independent UK

OECD slashes global economic outlook on Russia-Ukraine war

The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year

The National (Scotland)

Tories under pressure as report says UK economy will grind to a halt next year

THE UK economy will grind to a halt next year and will only be better than Russia’s among the G20, the OECD forecast on Wednesday.

The Independent UK

UK on brink of recession and will fall behind all major economies except Russia, OECD warns

Zero growth forecast for Britain next year and global average slashed to 2.8 per cent

ABC News

OECD slashes global growth forecasts, urges Australia to keep shifting to renewable energy as Ukraine war continues

The OECD says the war in Ukraine is a humanitarian disaster, and the economic shock will make inflation higher and more persistent

The Guardian - UK

UK to be major economy worst hit by Ukraine war, says OECD

Thinktank forecasts UK growth to slow to standstill in 2023, as impact of conflict felt

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