The OECD became the latest international institution to downgrade the global economic outlook -- the result of inflation, the Russian war in Ukraine and COVID-19 lockdowns in China.

Between 1994 and 2024, they have grown eleven times less than the OECD average: the main reason is the stagnation of productivity. Real wages, that is, once adjusted for inflation to determine their ...

Meanwhile, inflation in the OECD countries is expected to ease further, from 5.4 per cent this year to 3.8 per cent next year and 3 per cent in 2026.

And it expects inflation to continue squeezing the continent: The OECD predicts that consumer prices, which rose just 2.6% in 2021, will jump 8.3% for all of 2022 and 6.8% in 2023.

Prices are rising at different rates across the 38 countries of the OECD, which together account for about 60% of the global economy. In the United States, annual inflation increased to 4.2% in ...

OECD core inflation (inflation less food and energy) continued to decline but remained high at 6.4%, reflecting sticky services prices. Year-on-year inflation was also stable in the G7 at 2.9% in ...

PARIS, Dec 1 (Reuters) - The main risk to an otherwise upbeat global economic outlook is that the current inflation spike proves longer and rises further than currently expected, the OECD said on ...

Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was stable at 4.2% in April 2025. Headline inflation among OECD countries rose in about as many countries (11) as ...

OECD energy inflation dropped to 3.6% in February from 4.0% in January, with declines in 23 member countries, while 12 saw increases. Food inflation remained constant at 4.4% across the OECD, ...

The rate of consumer-price inflation in the developed world surged to an eight-year high in June as energy and food prices soared, data from the Organization for Economic Cooperation and ...

In the OECD’s estimation, the world economy will grow just 3.1 percent this year, down sharply from a robust 5.9 percent in 2021.