OECD

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OECD countries’ year-on-year inflation rate at 4.1% in July, down 1/10 pp from June

Alphavalue / Divacons | The year-on-year inflation rate for the Organisation for Economic Co-operation and Development stood at 4.1% in July, representing a decrease of one tenth of a percentage point compared to June. Since March 2025, inflation in the group has ranged between 4% and 4.2%. According to the think tank, headline inflation rose in ten member countries, while 12 recorded declines, with falls of more than 0.5 percentage…


ocde 2

OECD revises down forecast for global growth in 2025 to 2.9% from 3.1% foreseen previously

Link Securities | According to a new report published by the OECD, its analysts expect global gross domestic product (GDP) growth to slow this year, with projected growth of 2.9% in both 2025 and 2026, down from 3.3% last year. These analysts justified this weaker outlook to rising global uncertainty, driven mainly by changes in US trade policies. In its report, the OECD warns that more trade barriers could further…


economia global

OECD revises global growth estimates downwards and inflation estimates upwards for 2025 and 2026

Bankinter | The estimate of global growth for 2025 now stands at +3.1% from 3.3% previously and for 2026 at +3% from +3.3% previously. Canada and Mexico are the economies most negatively affected due to the impact of growing tariff tensions. In the United States, growth is now expected to be +2.2% by 2025 (+2.4% previously) and +1.6% by 2026 (2.1% previously). For Spain, the forecast has been revised upwards…


globalizacion construccion

OECD revises 2024 growth forecast upwards by 2/10 pp to +3.1%: activity remains resilient

Renta 4: European stock markets open flat on a day that will be dominated by the official US employment report (14:30h), where moderation is expected (in line with Wednesday’s ADP private employment survey and JOLTS job openings), but showing a still solid labour market and tightening in wages (yesterday 1Q24 unit labour costs +4.7% year-on-year vs +4% estimated). Consensus expects 240,000 estimated non-farm payrolls versus 303,000 estimated previously, unemployment rate…


OCDE recurso TC

OECD lowers 2024 growth forecast for Spain to 1.4% and calls for greater fiscal adjustment

The OECD has revised down to 1.4% its economic growth forecast for Spain in 2024, a figure well below the 2% expected by the government. In its half-yearly Outlook report published on Wednesday, the Organisation for Economic Co-operation and Development (OECD) sends a clear message to Pedro Sánchez’s new government: further budgetary adjustment is needed to keep public debt under control. The report stresses that “stronger and sustained fiscal consolidation…


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OECD countries’ unemployment remains at record low 4.8% in September, Spain highest at 12%

The unemployment rate in the countries of the Organisation for Economic Co-operation and Development (OECD) stood at 4.8% in September, remaining unchanged at the lowest level in the historical series, which began in 2001, as reported on Tuesday by the organisation, which also points to Spain as the member country with the highest unemployment rate, at 12%. In the ninth month of the year, the unemployment rate remained unchanged in…


Bank of Spain

Bank of Spain and OECD forecasts for Spain in 2023 coincide in growth of 2.3%

Banca March : The forecasts of the Bank of Spain and the OECD, the bitter and the sweet. Regarding economic growth, the Bank of Spain forecasts values for this year identical to those estimated in the last projection, namely 2.3%. However, expectations for the variation in GDP for the coming years fall (1.8% compared with 2.2% in 2024 and 2% compared with 2.1% in 2025). In the case of the…


euro espana

OECD raises economic forecasts for Spain: 2.1% in 2023, 1.9% in 2024

BancaMarch: The Paris-based organisation expects Spain to grow by 2.1% in 2023, improving its forecast for the country by up to four tenths of a percentage point compared to the previous report and in line with the government’s expectations. Looking ahead to 2024, the OECD also raises its forecasts, from 1.7% to 1.9%, although here it is below the executive’s forecast (+2.4%). With these forecasts, Spain will be the large…


PedroSanchezOCDE

In The OECD, Only Iceland And Mexico Will Take Longer Than Spain (Three And A Half Years) To Recover From The Crisis

According to the Organisation for Economic Co-operation and Development (OECD), Spain’s Gross Domestic Product (GDP) will grow by 5.9% in 2021 (5.7%; previous estimate), and by 6.3% in 2022 (4.8%; previous estimate). Thus, it will take three and a half years for Spain to recover its pre-crisis level of GDP per capita. Only Iceland and Mexico, of the 38 OECD member states, will take longer to recover it.


PedroSanchezOCDE

Spain Is Promoting A Safe International Mobility Plan Against Covid-19 Within The OECD

Spain, which has held the rotating presidency of the Ministerial Meeting of the OECD Council during 2020, had raised the need for the organization to work on a reference framework for safe international mobility. As part of the celebration of the 60th anniversary of the Organization, Spanish PM Pedro Sanchez has presented an initiative for the development and coordination of a harmonised system in all countries to open borders safely for economic recovery after the crisis caused by the Covid-19 pandemic.