The
OECD predicts global economic growth will slow in the coming year.
经济合作与发展组织预测全球经济增速在未来一年将放缓。
Many countries look to the
OECD for guidance on best practices in education policy.
许多国家在教育政策方面寻求经合组织的指导以获取最佳实践。
The latest
OECD report highlights the need for increased investment in renewable energy.
经合组织最新报告强调了增加可再生能源投资的必要性。
By joining the
OECD, our country aims to align its economic policies with international standards.
通过加入经合组织，我国旨在使其经济政策与国际标准接轨。
The
OECD's recommendations on tax reform have sparked debates among policymakers worldwide.
经合组织关于税制改革的建议在全球政策制定者中引发了讨论。
According to the
OECD, reducing income inequality is crucial for sustainable economic growth.
经合组织认为，减少收入不平等对于实现可持续经济增长至关重要。
The organization regularly publishes comparative data on healthcare systems across the
OECD member states.
该组织定期发布经合组织成员国间医疗保健系统比较数据。
In its latest economic outlook, the
OECD warns of potential trade tensions impacting global markets.
在其最新的经济展望中，经合组织警告潜在的贸易紧张局势可能影响全球市场。
The
OECD plays a key role in facilitating international cooperation on environmental issues.
经合组织在促进国际环境问题合作方面发挥着关键作用。
The country's recent reforms in labor laws were praised by the
OECD as steps towards greater flexibility.
该国最近的劳动法改革得到了经合组织的赞扬，认为这是朝向更大灵活性迈出的步骤。
Per capita dairy consumption in China was estimated at 26.2 kilograms in 2016, according to OECD data quoted in a DBS Research report in 2017, much lower than consumption in the developed world and many of China's neighbors.
The Organization for Economic Cooperation and Development has raised its 2023 annual GDP growth forecast for China to 5.2 percent, from 5.1 percent in September, above the country's preset annual GDP growth target of around 5 percent, according to the OECD's economic outlook report released on Wednesday.
"Consumption growth remains subdued and activity in the real estate sector continues to weaken, but monetary policy easing and additional infrastructure investment will help underpin domestic demand," the OECD said in its latest report.
Digital trade refers to commerce enabled by electronic means – by information and communication technology services – and covers trade in both goods and services, according to the Organization for Economic Cooperation and Development, or OECD, an intergovernmental group comprised of 38 member countries.
During the first half of 2023, China remained the leading supplier of goods to the EU, said an analysis by the Organization for Economic Cooperation and Development (OECD).
Household savings are the main domestic source of funds to finance capital investments, a major impetus for long-term economic growth according to the OECD.
Last year, the world was witnessing signs, especially in the second half, of an economic slowdown, especially in the OECD (Organization for Economic Co-operation and Development) developing countries," Al Ghais said.
For 2023, OPEC kept its world oil demand growth projection unchanged at 2.2 million bpd, with the OECD members growing by 0.3 million bpd and non-OECD members by 1.9 million bpd.
It is hoped that the OECD will leverage its role as a bridge and encourage countries to focus on common interests, enhance dialogue and cooperation, work together to tackle global challenges and pursue mutual benefits and win-win outcomes, he said.
The current level of inflation in OECD countries continues to be higher than 8 percent, reaching the level of the "Oil Crisis" of the 1970s.
The index, which has been released in March and September every year since 2007, assesses 119 financial centers based on surveys and 150 other factors, with quantitative measures from the World Bank, the Economist Intelligence Unit, the OECD and the United Nations.
The percentage of R&D expenditure to GDP is also close to the average level of 2.47 percent for OECD, or Organization for Economic Cooperation and Development, economies before the outbreak of the COVID-19 pandemic, the NBS said.
Jeff Yuan, PwC Asia-Pacific transfer pricing services leader, said that according to estimates from the Organization for Economic Cooperation and Development, or OECD, the implementation of the first pillar under the framework for international tax reform on base erosion and profit shifting (BEPS), will help to redistribute more than $125 billion in profits per year to market jurisdictions.
The OECD indicated in a statement that the global minimum tax rate rule will increase global tax revenue by about $150 billion per year, and the competitive fiscal advantages of some regions with low taxes, or "tax havens", will be weakened.
Both figures are the same as the OECD's projections in May.
They support the OECD's views on the digital transformation of tax administration, as written in a paper titled "Tax Administration 3.0: The Digital Transformation of Tax Administration", recognizing that more tax authorities are trying to leverage technological advancements to make tax services contactless and virtual due to the outbreak of the COVID-19 pandemic, according to the communique.
Prospects for the world economy have brightened, but the recovery is likely to remain uneven and dependent on the effectiveness of public health measures and policy support, said the Organization for Economic Cooperation and Development (OECD) on Monday.
"Effective vaccination programmes in many countries has meant today's economic outlook is more promising than at any time since the start of this devastating pandemic," said OECD Secretary-General Angel Gurria.
The OECD revised the economic growth of the United States in 2021 to 6.9 percent, up from its previous forecast of 6.5 percent.
As to the euro area's outlook, the OECD revised up 2021 growth forecast to 4.3 percent from 3.9 percent.
China will see its gross domestic product (GDP) grow by 8.5 percent in 2021 and by 5.8 percent in 2022, according to OECD.
But in many emerging-market economies where access to vaccines as well as the scope for government support are limited, the economic recovery would be modest, said the OECD.
Even if the growth estimate was in green, the recovery remained at "a critical stage," warned OECD chief economist Laurence Boone, recommending faster vaccination production and distribution globally and effective public health strategies.
China's economic recovery will continue as investment and exports remain strong while consumption gradually recovers, the Organization for Economic Cooperation and Development said on Monday in its OECD Economic Outlook.
In 2020, global foreign direct investment (FDI) flows plummeted by 38 percent from a year before to $846 billion, the lowest level since 2005, the Organization for Economic Cooperation and Development (OECD) said.
The global FDI flows represented only 1 percent of world GDP, their lowest level since 1999, the OECD said.
OECD's FDI figures echoed a report by the United Nations Conference on Trade and Development earlier this year, which also found China became the largest FDI recipient in 2020.
China is expected to be the only major economy that will see positive growth this year, according to the projections by the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD) and other international organizations.
In its latest Economic Outlook released on Dec 1, OECD predicted that global gross domestic product will reach pre-pandemic level by the end of 2021, with China expected to account for over a third of world economic expansion.
Earlier this month, the Organization for Economic Cooperation and Development (OECD) said in its Economic Outlook report that China is expected to post a 1.8-percent growth in 2020, the only major economy to record positive performance.
The OECD projected that China's fiscal policy will remain supportive, with a number of tax cuts and extensions of social benefits promoting consumption amid weak consumer confidence.
- The composite leading indicators (CLIs) of the Organization for Economic Cooperation and Development (OECD) pointed to stable growth in members where economic activities were recovering at different patterns, the Paris-based organization said on Tuesday.
The indicators "continue to recover from the COVID-19 crisis lows in most major economies, but the rate of change differs across countries," the OECD said in a statement.
The CLI for all OECD economies was slightly up at 99.1 points while indicators of the major seven economies -- the United States, Japan, Canada, France, Italy, Germany and Britain -- pointed to stable growth momentum.
In India, the CLI continues to rise but at a moderating pace, while in Russia growth of the CLI has stabilized, said the OECD.
The world economy will shrink by 4.2 percent this year as the COVID-19 pandemic continues to exert a substantial toll on economies and societies, according to the OECD report.
The contribution of Europe and North America to global growth, the OECD said, will "remain smaller than their weight in the world economy. "
Industrial production has also risen and capacity utilization is increasing," the OECD said in its report.
""It appears that once again, China is driving the global economy out of the trough," said Margit Molnar, head of the China Desk of the OECD.
The chief China economist of the Paris-based organization also noted that the 2021 growth rates forecast by the OECD are "unusually high" because all those economies have a very low base in 2021 as they were all hit by the pandemic to different degrees.
The OECD Economic Outlook released on Tuesday projected that vaccination campaigns, health policies and government financial support will lift the world economy by 4.2 percent in 2021 after a fall of 4.2 percent this year.
The OECD report noted that "the contribution of Europe and North America to global growth will remain smaller than their weight in the world economy.
CNBC quoted a report from the Organization for Economic Cooperation and Development (OECD) as saying that China was the only major economy expected to record economic growth in 2020, with growth at 1.8 percent.
Moreover, the country was expected to account for over one-third of world economic growth in 2021 with real GDP growth to be 8 percent in 2021 and 4.9 percent in 2022, said CNBC citing the OECD's report.
The full recovery of the Chinese economy is of great importance for the world, Margit Molnar, head of the China Desk of the Organization for Economic Co-operation and Development (OECD), told Xinhua in a recent interview.
The OECD forecast a 6 percent drop.
The organization noted the minor downward adjustments made to the oil demand of the countries of the Organization for Economic Co-operation and Development (OECD), citing "weak performance in the second quarter.
The global economy is expected to gain momentum only gradually, as vaccines are deployed during the course of the next year, said the OECD report.
经合组织报告称，全球经济预计只能逐步复苏，这将随着疫苗在未来一年内逐步部署而实现。
Last year, China became the largest contributor to the consumption growth in renewables with 32 mtoe, exceeding the growth of 26 mtoe in the entire the Organization for Economic Cooperation and Development (OECD), which involves 36 member countries.
That percentage of R&D spending is close to the average of 2.67 percent among OECD (Organization for Economic Cooperation and Development) economies.
According to the OECD, under the current tax system, governments lose $100 billion to $240 billion in tax revenue a year.
Multinational companies will need to conduct more impact analysis and scenario planning based on the information in the OECD's statement and revisit options on alleviating the potential impact of the new rules, he said.
"After years of intense work and negotiations, this historic package will ensure that large multinational companies pay their fair share of tax everywhere," OECD Secretary-General Mathias Cormann said.
"A significant part of the new rules, which is called the "Pillar Two", requires a minimum tax rate of 15 percent on MNCs with revenue of 750 million euros ($890 million) or more, according to an OECD document.
The OECD indicated that the rules for both pillars are intended to be drafted in 2022, with the majority of those rules likely to take effect in 2023.
At the G20 virtual meeting, US Treasury Secretary Janet Yellen said her country was dropping the safe harbor proposal, a move that is expected to spur the long-stalled multilateral negotiations at the OECD.
Global portfolios are underweight in China and foreign investors are eager to increase their exposure because of China's relatively high economic growth trajectory, the substantial interest rate differentials between China and the Organization for Economic Co-operation and Development (OECD) countries, and the opportunity to diversify into assets whose returns are not highly correlated to those of existing holdings, said a report issued by the NCUSCR and consultancy firm Rhodium Group on Tuesday.
To match OECD averages, China would have to accumulate more than 30 trillion US dollars in combined cross-border portfolio assets and liabilities, said the report.
The OECD, consisting of 37 most developed countries, is known as "the club of the rich. "
The Organization for Economic Cooperation and Development (OECD), a Paris-based forum of 36 nations with market economies that work to promote economic growth, said Monday that it expects the global economy to slow sharply this year.
Official Development Assistance, the term used by the OECD's Development Assistance Committee for aid in support of developing countries, remains steady but below target, at $146.6 billion in 2017.
According to the OECD, reducing transfer costs by just 1 percent would increase the value of total remittances by $30 billion-equivalent to nearly a quarter of total Official Development Assistance flows.
A recent OECD report, Global Outlook on Financing for Sustainable Development, shows that our goal must go beyond "turning billions into trillions".
This includes policies to guide OECD countries, partner countries and intermediary financing actors; preventing harmful practices such as tax avoidance; encouraging best practices on financial markets and making policies fit with development goals, for example through tax regimens and investment frameworks, and efforts to reduce the cost of remittance transfers.
Jorge Moreira da Silva is director of the Development Cooperation Directorate at the OECD.
"This would also have the benefit of developing a more global set of options for China's savers, including investment in OECD (or the Organization for Economic Cooperation and Development) economies that are suffering from a savings gap.
In July 2014, a group of youngsters from Shanghai ranked the highest in a global financial literacy assessment test held by the Organization for Economic Cooperation and Development or OECD.
Headquartered in Paris, the OECD tested students on their financial knowledge for the first time as part of their Program for International Student Assessment, conducted once every three years.
"Developing financial literacy skills and knowledge is critical now that individuals are becoming increasingly responsible at an ever earlier age regarding financial risks affecting their future," said Angel Gurria, OECD secretary general, at the launch of the report in Washington.
When compared with major economies such as Germany and Japan, China's local debt balance to GDP ratio was lower in 2015, even when taking into account the contingent debts which are likely to be converted into government liabilities, Wang said, citing data from the Organization for Economic Cooperation and Development (OECD).
In 2014, the Organization for Economic Cooperation and Development (OECD) developed the Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information in Tax Matters and the standard was later endorsed by the G20.