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Global Output Totals $59 Trillion - Developing Countries Have Increasing Share

added: 14-04-2008

Developing economies now produce 41 percent of the world's output, up from 36 percent in 2000, according to the World Development Indicators 2008. The combined output of the world's economies reached $59 trillion in 2006. Using new measurements that take into account the differences in price levels between countries, China now ranks as the second largest economy in the world, and 5 of the 12 largest economies are developing economies.

OECD Standardised Unemployment Rate Remains Stable at 5.5% in February 2008

added: 14-04-2008

The standardised unemployment rate for the OECD area was 5.5% in February 2008, the same as the previous month and 0.2 percentage point lower than a year earlier.

OECD Composite Leading Indicators in Slowdown Phase in Most Major OECD Economies

added: 11-04-2008

The latest composite leading indicators (CLIs) suggest a slowdown in economic activity lies ahead in the OECD area. February 2008 data indicate a weakening outlook for all the major seven economies. The latest data for major OECD non-member economies point to a downturn in China and India and slowing expansion in Brazil and Russia.

Eastern Europe, Central Asia Face Slower Growth

added: 11-04-2008

World Bank officials warned that the countries of Eastern Europe, Central Europe, and Central Asia face slower economic growth as a result of the economic downturn in the U.S. and Western Europe, and should step up their efforts to protect poor and vulnerable people from the effect of higher food and energy prices.

Rising Food Prices Threaten Poverty Reduction

added: 10-04-2008

High food prices are threatening recent gains in overcoming poverty and malnutrition, and are likely to persist over the medium term, says a new World Bank Group policy note.

Markets in Asia, Europe and the US Advanced Solidly

added: 07-04-2008

For consistency, momentum and breadth, the markets in Asia, Europe and the US advanced solidly; ignoring more problems in the banks and worries about housing in Spain, the UK and of course the US, and interest rates and inflation in Australia.

Debt Relief is down: Other ODA rises slightly

added: 06-04-2008

The 22 member countries of the OECD Development Assistance Committee, the world’s major donors, provided USD 103.7 billion in aid in 2007.

Food Price Crisis To Worsen

added: 04-04-2008

Across the developing and emerging economies of the world, and in some developed economies for that matter, governments are opting to shoulder some of the burden of higher food prices or try and control their immediate direction.The efforts are likely to be fruitless and very expensive for the countries involved, consumers and taxpayers.

Annual Inflation in the OECD area at 3.4% in February 2008

added: 03-04-2008

Consumer prices in the OECD area rose by 3.4% in the year to February 2008 compared with 3.5% in the year to January 2008. On a monthly basis, the price level rose by 0.3% in February, compared with 0.2% in January.

Fitch: World Economic Growth Weakest for 5 yrs

added: 02-04-2008

Fitch Ratings has said that housing- and consumer-led downturns in advanced economies will drive world growth to its lowest level in five years in 2008, despite robust growth in Brazil, Russia, China and India (BRIC) and other emerging markets. Fitch predicts GDP growth in 2008 to be 1% in the US, 1.3% in Japan, 1.4% in the UK and 1.7% in the euro area.

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