Tentative signs of easing growth momentum in the OECD area

Easing growth momentum in the OECD area

Health care expenditure per person, after accounting for changes in overall price levels, began to slow in many OECD countries in the early-to-mid 2000s, well before the economic and fiscal crisis.

OECD CLIS continue to point to easing growth momentum in the OECD area

To assess the cyclical position of an economy, macroeconomists use a concept called potential output, which measures the economy’s production rate that is consistent with stable inflation at the target.

CLIs continue to signal easing growth momentum in the OECD area

After peaking in the first half of 2008, international imbalances declined sharply during the global crisis of 2008-09, in part reflecting cyclical factors such as large contractions in domestic demand on the back of bursting housing bubbles in a number of deficit countries, as well as large declines in cross-border capital flows, interest rates and commodity prices.

This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctuations of sub-central economies or, on the contrary, exacerbate them.

The Netherlands is a global pioneer in water management with a long history of containing flood risks and reclaiming land from the sea. Yet it will need to adapt its water governance policies to meet the looming challenges of shifting demographics, regional development and climate change, according to an OECD report.

This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.

Corporate climate change disclosure is crucial for providing decision-makers with information that will enable them to integrate climate considerations into their analyses. This side event to the 21st session of the Conference of the Parties will focus on ways to strengthen corporate climate disclosure frameworks, and to scale up the use of corporate climate change-related information.

27/03/2017 - Ukraine has become the 47th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. The Declaration commits Ukraine to provide an open and transparent environment for international investment and to encourage the positive contribution foreign investment can make to economic and social progress.

Climate change affects lives and livelihoods everywhere. We can and must act now to tackle climate change and make a better world for our children. We have the knowledge, the tools and the financial resources. Now our countries must deliver on commitments. Here are 25 climate actions to get us on track by 2025.

Business Confidence in Germany decreased to 74.30 points in April from 85.90 points in March of 2020. Business Confidence in Germany averaged 97.98 points from 1991 until 2020, reaching an all time high of 109.80 points in January of 1991 and a record low of 74.30 points in April of 2020. In Germany, the IFO Business Climate Index measures entrepreneurs’ sentiment about current business situation and their expectations for the next 6 months. The survey is made by phone and covers 9,000 firms in manufacturing, the service sector, trade and construction. The Business Climate Balance is constructed as the difference between the percentage share of executives that are optimistic and the share that are pessimistic. This balance can take values between -100 (all responding firms assess their situation as poor and expect business to deteriorate) and +100 (all responding firms assessed their situation as good and expect an improvement in their business). For the calculation of the IFO Business Climate Index, the Balance is normalized to the average of a base year (currently 2015). This page provides the latest reported value for - Germany Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence In the Euro Area decreased to -1.81 points in April from -0.28 points in March of 2020. Business Confidence in the Euro Area averaged 0 points from 1985 until 2020, reaching an all time high of 1.64 points in January of 2018 and a record low of -3.34 points in March of 2009. The Business Climate Indicator (BCI) is calculated in order to receive a timely composite indicator for the manufacturing sector in the euro area. The indicator uses, as input series, five balances of opinion from the industry survey: production trends in recent months, order books, export order books, stocks and production expectations. The BCI therefore deviates from the industrial confidence indicator, which is based on only three input series. The survey is made by phone and covers 23,000 companies in the Euro Area. This page provides the latest reported value for - Euro Area Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Confidence in Germany decreased to -23.40 points in May from 2.70 points in April of 2020. Consumer Confidence in Germany averaged 6.28 points from 2001 until 2020, reaching an all time high of 16.80 points in March of 2001 and a record low of -23.40 points in May of 2020. The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above. The questionnaire focuses on income expectations, buying propensity and savings. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average. This page provides the latest reported value for - Germany Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

‘Young Britons risk being excluded from Erasmus — and won’t have the luxury of taking migration for granted’

Statistical agency warns of increased volatility in official data due to virus challenges

Breakdown group reports roadside call-outs back to 90% of expected levels as motorists venture out

How the coronavirus outbreak has accelerated the demise of US department stores

EU push to incorporate Paris agreement adds to tension over post-Brexit relationship

Municipal authorities encourage cycling amid fears networks cannot cope with social distancing

Largest US meat company forecasts further upheaval in months ahead

Patrick Jenkins and guests discuss the retrial of former Barclays bankers over the bank's arrangements with Qatar at the height of the financial crisis, the poor level of support among banks for a climate change initiative backed by Bank of England governor Mark Carney, and the Fed's decision to drop the introduction of tougher liquidity rules for foreign banks. With special guest, Erkin Nosinov, a director at BCS Consulting.

Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon

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Patrick Jenkins and guests discuss the pressure Barclays has come under to curb fossil fuel financing, a radical plan to overhaul regional banking in Japan, and the latest US bank results. With special guest Christian Wilson from ShareAction. 

Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Robin Harding, Tokyo bureau chief, and Laura Noonan, US banking editor. Producer: Fiona Symon.  

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Millennial v Boomer: One stands by her employee ping pong tables while the other caters discreetly for customers

Live coverage of the UK election campaign.

Indigo, a Boston-based agritech start-up, plans to pay farmers to store carbon in soil - part of a growing field of climate-related agricultural practices that seek to reduce the amount of carbon dioxide in the air. Lauren Fedor discusses the growing focus on environmentally friendly farming methods with Leslie Hook and Emiko Terazono.

Contributors: Katie Martin, capital markets editor, Lauren Fedor, technology reporter, Emiko Terazono, commodities correspondent, and Leslie Hook, environment correspondent. Producer: Fiona Symon

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As the UK general election approaches, all parties are stepping up their rhetoric on climate change. What are their manifesto pledges and are they even realistic? Jim Pickard and Nick Butler talk to Leslie Hook about what a new government could spell for the environment and the need for an international approach to tackling the climate crisis.

Contributors: Leslie Hook, environment and clean energy correspondent, Jim Pickard, chief political correspondent and Nick Butler, energy commentator. Producer: Persis Love

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Questions about the future of fossil fuels are putting new pressure on companies and financial institutions. How are they responding and should they be doing more? Pilita Clark talks to Huw van Steenis, chair of the sustainable finance committee at UBS and a former adviser to Bank of England governor, Mark Carney, and Billy Nauman, reporter for the FT’s Moral Money. 

Contributors: Huw van Steenis, chair of the sustainable finance committee at UBS, Pilita Clark, business columnist and Billy Nauman, reporter and producer, moral money. Producer: Persis Love. Photo credit: Saul Loeb/AFP/Getty

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One of the first large acquisitions to be agreed since coronavirus pandemic rocked global markets

Pandemic combined with collapsing oil prices spells real hardship

Dutch bank was forced to close out positions at substantial loss

Provider cites coronavirus market turmoil for uncertainty over valuations

Down in Tennessee, parrots panic as the sun disappears

PMI rises to 8-month high on reduced uncertainty but downturn continues

French energy group makes emissions pledge as first-quarter profits drop 35%

Two experts debate whether shift to low carbon can push forward amid economic stress

Pound dips following UK chancellor’s hard Brexit remarks

Lansdowne, Odey and Wadhwani among those betting on a revival of UK equities

Move boosts chemicals group’s growing sports investment portfolio

Amid charges of greenwashing from activists, the private company is investing in football, cycling and other ventures

Your guide to the investment and business revolution you can’t afford to ignore

Investment strategies have failed to prepare the country for the technology shock

Saudis alleged to have hacked Jeff Bezos’s phone

Apple’s earnings show the impact of COVID-19, NVIDIA’s top scientist shares an open source ventilator design and Amazon anticipates big spending in the coming months. Here’s your Daily Crunch for May 1, 2020. 1. iPhone sales are down, ahead of uncertain times for the industry Apple device sales have taken a hit, but the company’s […]

Achieving zero emissions by 2050 would require unprecedented global co-operation

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too. The Indian smartphone market grew by a modest 4% year-over-year in the quarter […]