Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

The OECD was born transatlantic since its very origins as the Organisation for European Economic Cooperation in 1948, established in the immediate post-war period to manage and distribute Marshall Plan aid to reconstruct Europe. The centre of gravity of the world economy is now shifting and will continue to do so but this does not mean that the Transatlantic Partnership has a lesser role to play on the global stage, said Angel Gurría.

“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.

The centre of economic gravity is moving from the advanced to the large emerging economies, particularly Brazil, China and India. For many years, OECD countries accounted for around 70% of global GDP. Today, this share has shrunk to around 60% and it is set to fall further.

Organised in Istanbul, this event focused on financial education across Europe and in Turkey, the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families.

Following the recent meetings of regional policy networks on BEPS in South East Asia (Korea 12-13 February), francopohone countries (Gabon, 27 February) and Latin America and the Caribbean (Peru, 26-27 February) a regional network meeting in Eastern Europe and Central Asia was held in Ankara, Turkey on 5-6 March.

The OECD Secretary-General Gurría welcomed the announcement and congratulated the Commission for the work done. "The European Commission’s initiative is another major step to tackle corporate tax avoidance.

On 21-23 October 2015, the Eastern Europe and Central Asia Regional Meeting and Governmental Workshop on BEPS discussed the outcomes of the BEPS project, and how countries can engage in the implementation and monitoring of the measures adopted on an equal footing.

The European Commission presented today a series of measures for a coordinated EU-wide response to corporate tax avoidance, notably through implementation of the global standards developed under the OECD/G20 Base Erosion and Profit Shifting Project. The Commission proposal would align tax laws in all 28 EU countries, in order to fight aggressive tax practices by multinational enterprises

More than 60 delegates from 14 countries gathered in Vilnius for the first regional meeting of the Inclusive Framework on BEPS in the region. This meeting was the last of a series of regional events in 2016 intended to offer countries in different regions of the world the opportunity to feed their views and provide their input into the Inclusive Framework on BEPS.

Over 60 delegates from 16 countries, international and regional organisations, business, civil society and academia gathered in Yerevan, Armenia on 7 - 9 November 2018 for a regional meeting of the Inclusive Framework on BEPS in Eastern Europe and Central Asia.

The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement today in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries.

8-10 October 2014, Paris, France: Discussions at this meeting will focus on implementing the Istanbul Anti-Corruption Action Plan; monitoring reports for Armenia and Kazakhstan; and, progress reports from Azerbaijan, Georgia, Kyrgyz Republic, Mongolia, Tajikistan, Ukraine and Uzbekistan.

Global FDI flows collapsed with the global financial crisis in 2008 and remain 40% below pre-crisis levels. A major reason for this is the EU. While FDI flows in the rest of the world recovered by 2010, the EU continues to struggle due to structural factors that are undermining the quality of the EU’s investment environment. The paper analyses why and puts forward policy options. It is part of the Investment Insights series.

This meeting will focus on the third round monitoring reports under the Istanbul Anti-Corruption Action Plan for Kyrgyzstan and Ukraine. The meeting will also include progress reports from Armenia, Azerbaijan, Georgia, Kazakhstan, Mongolia, Tajikistan and Uzbekistan.

This cross-country report on prevention of public sector corruption analyses the preventive measures that have proven to be effective and successful in Eastern Europe and Central Asia. The review focuses on twenty-one countries in Eastern Europe and Central Asia and includes examples from OECD countries.

This cross-country report analyses the legislation on liability of legal persons for corruption and its enforcement in Eastern Europe and Central Asia, highlighting national practices that may be promoted as good practice. While it focuses on 25 countries participating in the Anti-Corruption Network for Eastern Europe and Central Asia (ACN), examples from OECD countries are also included.

21 April 2016, Paris: The OECD will host a High-Level Meeting on boosting the impact of anti-corruption reforms in Eastern Europe and Central Asia.

This study explores what governments, business associations, NGOs, and companies do in order to strengthen business integrity with a particular focus on anti-corruption measures in and for the private sector in countries in Eastern Europe and Central Asia, as well as in selected other countries.

Countries in Eastern Europe and Central Asia have introduced important anti-corruption reforms in recent years. However, corruption in the region remains high. This report identifies progress achieved as well as challenges which require further action by countries.

This meeting of the Anti-Corruption Network for Eastern Europe and Central Asia (ACN) will take place at the OECD on 12-14 September 2017.

Housing Index in Indonesia increased to 210.97 points in the fourth quarter of 2019 from 210.33 points in the third quarter of 2019. Housing Index in Indonesia averaged 150.79 points from 2002 until 2019, reaching an all time high of 210.97 points in the fourth quarter of 2019 and a record low of 100 points in the first quarter of 2002. In Indonesia, housing index refers to the Residential Property Price Index that measures house prices in 16 cities, including small, medium and large houses. This page provides - Indonesia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Japan decreased to 111.71 points in December from 113.28 points in November of 2019. Housing Index in Japan averaged 104.46 points from 2008 until 2019, reaching an all time high of 116.44 points in January of 2019 and a record low of 97.26 points in October of 2009. In Japan, Housing Index refers to Residential Property Price Index, including prices of land, detached houses and condominiums. This page provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Turkey increased to 123.70 points in February from 120.90 points in January of 2020. Housing Index in Turkey averaged 77.80 points from 2010 until 2020, reaching an all time high of 123.70 points in February of 2020 and a record low of 45.40 points in January of 2010. In Turkey, the Housing Index is measured by the residential property price index. This page provides the latest reported value for - Turkey House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Health spending fell across the European Union in 2010, as cash-strapped governments curbed outlays to help cut budgetary deficits, according to Health at a Glance: Europe 2012, a new joint report by the OECD and the European Commission.

The number of people over 80 will double by 2050 rising from 3.9% of the population to 9.1% in 2050 across OECD countries and from 4.7% to 11.3% across 27 EU members. Estimates are that up to half of them will need help to cope with their daily needs. Yet even today governments are struggling to deliver high-quality care to elderly people with reduced physical and mental abilities, says a new OECD/EC report, A good life in old age? .

Health spending has started to rise again after stagnating or even falling in many OECD countries during the crisis. But the pace of growth remains well below pre-crisis rates, especially in Europe, according to OECD Health Statistics 2014.

Today, Europeans enjoy a much longer life expectancy than the previous generation, but large inequalities in health remain across and within countries. These are largely due to disparities in access to and quality of care, as well as individual lifestyles and behaviours, according to a new joint OECD/European Commission report.

Many European countries saw further reductions in health spending in 2013, according to OECD Health Statistics 2015. Health spending continued to shrink in Greece, Italy and Portugal in 2013. Most countries in the European Union reported real per capita health spending below the levels of 2009. Outside of Europe, health spending has been growing at around 2.5% per year since 2010.

Better public health and prevention policies as well as more effective health care could save hundreds of thousands of lives and billions of euros each year in Europe, according to a new joint OECD/European Commission report.

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

Exports to Europe in South Africa increased to 35805.52 ZAR Million in March from 29412.69 ZAR Million in February of 2020. Exports to Europe in South Africa averaged 23811.82 ZAR Million from 2014 until 2020, reaching an all time high of 35805.52 ZAR Million in March of 2020 and a record low of 16239.03 ZAR Million in January of 2016. This page includes a chart with historical data for South Africa Exports to EUrope.

Imports from Europe in South Africa increased to 33142.52 ZAR Million in March from 28764.92 ZAR Million in February of 2020. Imports from Europe in South Africa averaged 30213.14 ZAR Million from 2014 until 2020, reaching an all time high of 39535.68 ZAR Million in August of 2019 and a record low of 23418.90 ZAR Million in May of 2014. This page includes a chart with historical data for South Africa Imports from Europe.

Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.

Organised in Istanbul, this event focused on financial education across Europe and in Turkey, the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Over the last four years we have lived and worked under the impact of the greatest economic crisis of our lifetimes. Recent actions in Europe have cleared a bit the fog but the confidence in the markets is still shaky and the long-term growth perspective of Europe is muted.

The global economy has slowed, with key European countries entering a recession that is now impacting worldwide, the OECD said in its latest Interim Economic Assessment.Interim Economic Assessment

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

Several studies have reported a large negative effect of national borders on the volume of trade. We provide new estimates of the border effect for continental Europe using road rather than great circle – or "as-crows-fly" – distance.

In Europe, the two most pressing structural policy priorities that must be addressed are the challenge of unemployment and the restoration the health of euro area banks, said OECD Secretary-General in Brussels.

This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that the Baltics, Cyprus, Greece and Ireland, in particular, are hit by a strong decline in lending in the wake of the financial crisis.

Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP ratios are stabilising and market tensions have abated.

Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health status.

The OECD does not see deflation taking hold in the euro area, but the risk has risen.

This is the first paper that comprehensively documents the profiles of the 1% highest paid employees across 18 European countries. The data come from the largest harmonised source available, an employer-based survey that covers the labour income of 10 million employees, excluding the self-employed.

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports.

To support the recovery, structural reforms that yield short-run as well as long-run gains should be prioritised.