oecd
The Organization for Economic Cooperation and Development (OECD) has yet again revised its forecast for economic growth in Germany downwards and now sees only miniscule growth of 0.2% for this year. The group, which published its economic outlook in Paris on Thursday, had already lowered its growth forecast for Germany in an interim report in February to 0.3% from a forecast of 0.6% in November. For 2025, the OECD expects the German economy to gain momentum and grow by 1.1%. The organization cited the country's constitutional court's decision against allowing the reallocation of €60 billion ($...
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The Organization for Economic Cooperation and Development (OECD) has yet again revised its forecast for economic growth in Germany downwards and now sees only miniscule growth of 0.2% for this year. The group, which published its economic outlook in Paris on Thursday, had already lowered its growth forecast for Germany in an interim report in February to 0.3% from a forecast of 0.6% in November. For 2025, the OECD expects the German economy to gain momentum and grow by 1.1%. The organization cited the country's constitutional court's decision against allowing the reallocation of €60 billion ($...
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Organization for Economic Cooperation and Development (OECD) member states paid out more aid than ever before, partly as a result of the war in Ukraine, the Paris-based organization reported on Thursday. Aid flows totalled $223.7 billion in 2023, up from $211 billion in 2022 and were a third above the 2019 level. The increase reflected the additional aid provided since 2019, related to the Covid-19 pandemic and Russia's war of aggression against Ukraine, the OECD said. The largest contributors were the United States, Germany, Japan, Britain and France. "Donor countries have provided a record l...
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The Organization for Economic Co-operation and Development (OECD) will open accession talks with Indonesia, it said on Tuesday. OECD secretary-general Mathias Cormann said the decision was historic, with Indonesia's application the first from Southest Asia. "As the largest economy in Southeast Asia and the world’s third largest democracy, Indonesia is a significant global player, providing important leadership across its region and beyond" he said. "The decision to open accession discussions will benefit both Indonesia and the OECD." Indonesia has been working with the OECD since 2007. In 2014...
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