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The Latest Breaking News from OECD

OECD Ups World Economic Outlook As Tariffs Contained, For Now

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

International Business Times

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Independent UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Guardian - UK

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Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

AAP

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

The Independent UK

‘A defining moment’: Trinidad and Tobago at a crossroads as oil runs out

Fossil fuels made the nation prosperous but as reserves dwindle, do they drill deeper, even as the Caribbean feels the heat of the climate crisis, or shift to a greener economy?

The Guardian - UK

To close its productivity gap, Canada needs to rethink its higher education system

Canada is facing a productivity crisis that threatens wages, competitiveness and long-term prosperity. Canadian productivity lags behind the United States by 28 per cent and ranks 18th among Organisation for Economic Co-operation and Development (OECD) countries.

The Conversation

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Where in the EU do most young adults have a university degree?

Where do most young Europeans have a higher education degree? A new OECD report reveals sharp contrasts across the EU, with Ireland at the top and Italy at the bottom.

Euronews

Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

Reason

Inflation projections for Europe in 2026: Which countries will have the highest and lowest rates?

Euronews Business takes a closer look at the ECB and OECD inflation projections for the euro area and wider Europe in 2025 and 2026.

Euronews

Real household income per capita in Europe: Which countries have the highest increase and decline?

Euronews Business examines how real household income per capita and real GDP per capita changed in the first quarter of 2025.

Euronews

Academic research shows UK gender gap underestimated in official data for decades

The gender pay gap in the UK is more than twice that of France and Spain. New research suggests the gap is one percentage point higher than official figures.

Euronews

We can’t fix what we don’t track. That’s why Australia needs an official poverty measure

Following last month’s economic reform roundtable, Treasurer Jim Chalmers said all attendees agreed “higher living standards is the holy grail, and a more productive economy is how we deliver it”.

The Conversation

South Korea trials 4-day weeks and half-days for its stressed-out workers

The East Asian nation known for its grueling work culture is trying to find a better work-life balance for its citizens.

Al Jazeera

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The Conversation

Counterfeit Chanel, Louis Vuitton and Hermès bags from China: examining an online phenomenon and its risks for consumers

In mid-April 2025, a wave of videos swept through TikTok claiming that some brands of luxury leather goods, especially French ones, actually make their products in China. The content creators presented themselves as official manufacturers, urging customers to buy bags directly from the source at a fraction of the retail price.

The Conversation

Four reasons why the UK lags behind its rivals on productivity

Many people in the UK feel they are working harder than ever. A higher cost of living and more precarious work arrangements push many households to take on longer hours and multiple jobs. Data back this feeling: from 2010 to 2024, the UK had the largest increase in hours worked…

The Guardian - UK

Chemical companies lobbying MPs not to ban Pfas

Exclusive: Analysis of responses shows firms are urging parliamentarians to limit regulation of ‘forever chemicals’

Euronews

Tax revenue as a share of GDP in Europe: Which countries collect the most?

Euronews Business takes a closer look at how much tax European countries collect and what share of their national outputs it represents. Among the top five economies, France records the highest ratio, while the UK has the lowest.

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International Business Times

Global Growth Slows In 2025 As Inflation And Policy Uncertainty Weigh

IMF and OECD revise growth forecasts downward, warning that trade tensions and elevated inflation could dampen investment and global recovery.

Euronews

Nursery and crèche: How much do families spend on childcare across Europe?

Among the top economies in Europe, Germany and Italy rank best, both in nominal childcare fees and in salary share spent on nurseries, while the UK remains among the most expensive.

Euronews

Young people neither in employment nor in education: Which European countries are worst affected?

Two-thirds of European countries have not yet met the 9% target for young people who are neither in employment nor in education or training (NEET). Most NEETs are outside the labour force rather than unemployed.

The Guardian - UK

Reeves leaves no stone unturned as she mulls reforms for property tax

Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property

The Conversation

2 in 3 Africans will live in cities by 2050: how planners can put this to good use

Africa’s population is projected to nearly double by 2050, with 80% of that growth being concentrated in urban areas, leaving two out of three Africans living in cities. This expansion of cities at an unprecedented rate will bring both challenges and opportunities for African countries. In this edited extract from…

Al Jazeera

Don’t Worry Village: The young S Koreans who left Seoul, seeking community

Disillusioned with Seoul’s work-to-survive lifestyle, a group of Koreans find refuge in the rural ‘Don’t Worry Village’.

Euronews

Property tax across Europe: Which countries collect the most, and what’s their share of total tax?

Property tax policies vary across Europe. In some countries, such as the UK and France, property taxes make up a significant share of both GDP and total taxation.

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