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Business 22 Aug 2013 | 12:00 AM

China to join 50 other nations on tax evasion fight

PARIS: China is set to join a group of 50 developed and developing countries in the fight against tax evasion by signing a cooperation agreement at the end of this month, according to the Organisation for Economic Cooperation and Development (OECD).

Business 14 Dec 2010 | 12:00 AM

OECD sees improvement in US, China economies

PARIS: The pace of economic growth has stabilised in the world's leading industrialised states, with a pick-up noted in the United States and China and moderation in Germany and Japan, the Organisation for Economic Cooperation and Development said yesterday.

Business 22 Apr 2011 | 12:00 AM

OECD halves Japan growth forecast to 0.8%

TOKYO: The impact of last month's devastating quake-tsunami disaster will slash Japan's economic growth to 0.8% this year, the Organisation for Economic Cooperation and Development (OECD) said yesterday, halving its earlier forecast of 1.7%.

Business 08 Apr 2009 | 12:00 AM

Malaysia off the OECD blacklist

Malaysia and three other countries, which had been blacklisted by the Organisation for Economic Cooperation and Development (OECD), are now off the list after they agreed to adopt the OECD's regulations.

Business 23 Nov 2007 | 12:00 AM

US subprime losses may reach US$300bil

Losses from US subprime mortgage foreclosures, coupled with slowing economic growth and falling house prices, could reach as much as US$300bil, the Organisation for Economic Cooperation and Development (OECD) said.

Business 13 Apr 2012 | 12:00 AM

OECD says developed nations should target debt to GDP of 50%

PARIS: Developed nations should cut their public debt to half of gross domestic product (GDP) over the coming decades from current levels of more than 100% in some countries, the Organisation for Economic Cooperation and Development (OECD) said, flagging a potential long period of deleveraging ahead.

Economy 16 Sep 2014 | 12:00 AM

OECD cuts growth forecasts

PARIS: The Organisation for Economic Cooperation and Development (OECD) slashed its growth forecasts for major developed economies, urging much more aggressive European Central Bank (ECB) stimulus to ward off the risk of deflation in a subdued eurozone.

Economy 21 Sep 2016 | 9:30 AM

OECD slashes British growth forecast over Brexit

PARIS: Britain is poised to take a major hit next year from its momentous decision to leave the European Union, the Organisation for Economic Cooperation and Development (OECD) said Wednesday, halving its growth forecasts for the world’s fifth-biggest economy.

Business 09 Sep 2011 | 12:00 AM

Growth outlook gets worse

PARIS: The outlook for economic growth in developed countries has got much worse in the last three months, the Organisation for Economic Cooperation and Development (OECD) said, and it urged central banks to keep rates low and be ready to pursue other forms of easing.

Business 02 Jun 2016 | 12:00 AM

OECD blasts loose money policies

PARIS: The global economy is slipping into a self-fulfilling “low-growth trap” where ultra-loose monetary policy risks doing more harm than good, the Organisation for Economic Cooperation and Development (OECD) warned.