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The Organisation for Economic Cooperation and Development (OECD) has asked Australia not to underestimate negatives risks inherent in the global economy, despite the positive outlook experienced in our financial markets. Rising confidence and more favourable international trade conditions may lead to more buoyant demand that needs a more rapid rise in interest rates, according to [...]
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A leading economist at the Organisation for Economic Co-operation and Development (OECD) warns that chances of a second global recession are strong. “There are many icebergs the ship has to negotiate before we’re out of jail here. This is going to be a 10-year process, not a one year process,” said deputy director of the [...]
...read moreThe world’s top two countries for economic growth—China and India—will be the key to global economic recovery, according to an academic expert. In an interview on the ABC’s AM program, Dr Hitendra Patel from Hult International Business School said the ‘global financial crisis’ was not as global as some first thought. “Those countries which have [...]
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Minister for Trade Simon Crean has congratulated Chile on joining the Organisation for Economic Cooperation and Development (OECD). “This invitation to join the Organization for Economic Cooperation and Development is well-deserved recognition of Chile’s economic development success and its on-going commitment to economic growth,” he said. “Chile is one of the most economically dynamic countries [...]
...read moreThe Organisation for Economic Cooperation and Development (OECD) has attributed the ‘surprising’ speed of the world’s economic recovery to China, Asia and the USA. While Asian economies are driving the majority of the growth, the OECD also noted the USA’s unexpectedly strong rebound. However, it warned that the growth needs to be made sustainable after [...]
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Managing director and CEO of government credit agency, the Export Finance and Insurance Corporation (EFIC), Angus Armour has been appointed as president of the Berne Union, the peak global organisation for export credit. It is the first time an Australian has held the position since 1975, when another EFIC director held the post. “This decision [...]
...read moreThe latest Economic Outlook report by the Organisation for Economic Cooperation and Development (OECD) has supported the Federal Government’s stimulus measures, saying it has worked to keep Australia in a relatively strong economic position during the global downturn. The average OECD unemployment rate is expected to come close to 10 percent; Australia’s is just 5.8 [...]
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Protectionist activities, including subsidies, are likely to hinder global economic recovery, according to the World Trade Organisation (WTO). A joint report with the Organisation for Economic Cooperation and Development (OECD) and the UN trade and development agency (UNCTAD), the WTO states that many economies had installed “trade defence mechanisms”. “Some of them contain elements that [...]
...read moreMinister for Trade Simon Crean will visit Singapore and Vietnam this week for a series of high-level meetings that will address regional issues and Australia’s trade and economic interests. In Singapore, Mr Crean will attend the APEC Meeting of Ministers Responsible for Trade, which he says will boost political energy going into the next Doha [...]
...read moreThe value of global trade went into freefall from mid-2008 but the speed of decline began to temper in February this year, according to the Organisation for Economic Cooperation and Development (OECD). “Compared with the previous quarter, the value of exports and imports of goods and services in OECD countries, measured in seasonally adjusted current [...]
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