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• OECD slashes growth forecast, warns of slowdown

  - 2008-06-04

  PARIS AFP — The OECD slashed its growth forecast for the world's industrialised powers on Wednesday, warning of several lacklustre quarters ahead despite signs that financial market upheavals may have "passed their peak." The Organisation for Economic Growth and Development in a twice-yearly survey said its 30 member economies...

  Tags: FINANCE, financial, OECD

• Editorial after the storm?

  - 2008-06-01

  Several quarters of weak growth lie ahead for most OECD economies. At the same time, headline inflation could remain high for some time to come. This scenario is the combined outcome of financial market turmoil, cooling housing markets and sharply higher commodity prices. The projections in this OECD Economic Outlook...

  Tags: FINANCE, financial, inflation, OECD

• Chapter 1: General assessment of the macroeconomic situation

  - 2008-06-01

  Overview Growth is slowing in response to strong headwinds The odds are improving that financial market turmoil has passed its peak. Still, its fallout will continue to act as a brake on growth for considerable time to come. Other headwinds causing the on-going slowdown in activity in the...

  Tags: asset, bank, FINANCE, financial, inflation, investment, Japan, OECD, tax, U.S.

• United States

  - 2008-06-01

  The economy is facing strong headwinds, which are exerting a sizeable drag on activity. The financial crisis is resulting in a credit squeeze, declining house prices are putting pressure on household wealth and the sharp increase in commodity prices is eroding workers' disposable incomes. The response of macroeconomic policy will...

  Tags: financial, income, inflation, investment, OECD

• Euro Area

  - 2008-06-01

  The economic expansion is likely to moderate during 2008, with a trough in the second quarter. Output growth is being slowed by tighter financial conditions, higher inflation and weaker housing market activity. Growth is expected to drop below potential this year, before picking-up slowly through 2009 as financial headwinds dissipate...

  Tags: FINANCE, financial, inflation, OECD

• Germany

  - 2008-06-01

  Following weaker activity at the end of 2007, growth picked up strongly at the beginning of the current year. So far, there is little evidence of significant adverse effects on the real economy coming from the financial turmoil, the strong euro or high commodity prices. However, growth is expected to...

  Tags: FINANCE, financial, income, investment, OECD, Taxes

• Italy

  - 2008-06-01

  Economic activity seems to have stalled since the first half of 2007. The weakening external environment and knock-on effects from tighter credit conditions will constrain growth to below its potential rate of around 1 1/4 per cent this year, while unemployment may rise again. The recent surge in consumer price...

  Tags: FINANCE, financial, inflation, investment, Italy, OECD

• Statistical annex

  - 2008-06-01

  Annex Table 29. General government primary balances Surplus (+) or deficit (-) as a per cent of nominal GDP 1990 1991 1992 ...

  Tags: Asia, Australia, Belgium, financial, France, Germany, Greece, Hungary, Iceland, Investment, Italy, Korea, Luxembourg, OECD, U.K., U.S.

• U.S. Treasury Department and OECD Host International Conference on Financial Education in Nation's Capital to Take Financial Education to the Next Level on World Policy Stage

  - 2008-05-13

  Operation HOPE Founder and CEO John Hope Bryant, who serves as Vice Chair of the U.S. President's Advisory Council on Financial Literacy Council, furthered global "silver rights" during his address to participants at the U.S. Department of the Treasury and the Organization for Economic Co-operation and Development OECD "International Conference...

  Tags: Council, financial, OECD, U.S. Department of Treasury

• US subprime losses could total 422 billion dollars: OECD

  - 2008-04-15

  PARIS AFP — Losses because of the financial crisis sparked by the US subprime mortgage crisis could rise as high as 422 billion dollars (267 billion euros), an OECD report said Tuesday. That figure was far lower than the 945 billion dollars estimated last week by the International Monetary...

  Tags: FINANCE, financial, OECD