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15-Oct-2008
OECD welcomes the co-ordinated efforts of political leaders and financial authorities to address issues of liquidity, solvency and recapitalisation of the financial system. Looking beyond crisis management, Mr Gurría said the OECD will focus on the structural implications of the financial crisis, including a more holistic culture of risk management, compensation issues, accountable management, and more effective regulation. “We will also make proposals for improved financial education and risk awareness to restore the confidence of consumers of financial services,” he added.
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15-Oct-2008
Denmark is confirmed as the OECD’s highest-tax country, followed by Sweden, while Mexico and Turkey remain the lowest-taxing countries, according to figures in the latest edition of the OECD’s annual Revenue Statistics publication.
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10-Oct-2008
The Australian economy, which is in its 17th consecutive year of growth, has benefited from remarkable results. But difficult challenges lie ahead. How to balance inflation threats and risks of a strong downturn? How to strengthen labour supply? How to enhance education performance? What reforms are needed for labour and product markets? How to implement climate change policy and sustainable water management?
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10-Oct-2008
OECD composite leading indicators (CLIs) for August 2008 indicate a continued weakening outlook for all the major seven economies. The latest data for major non-OECD member economies tentatively point to expansion in Brazil, a downturn in China and Russia and a slowdown in India.
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10-Oct-2008
The standardised unemployment rate for the OECD area was 6.0% in August 2008, 0.2 percentage point higher than the previous month and 0.4 percentage point higher than a year earlier.
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02-Oct-2008
Cities are a major source of air pollution and must lead efforts to combat climate change. Mayors and ministers will meet in Milan to discuss ways to promote environmentally sound transport, energy, waste and water services, while retaining economic competitiveness.
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02-Oct-2008
Speaking on the occasion of an annual report to the Parliamentary Assembly of the Council of Europe on the outlook for the world economy, OECD Secretary-General Angel Gurría spoke about the impact of the financial crisis and OECD's work to produce a more inclusive globalisation.
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23-Sep-2008
OECD Secretary-General Angel Gurría welcomes and supports the systemic rescue plan for financial markets announced by the US Government, which he says will contribute to stabilizing the U.S. and world economies.
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on 02-Oct-2008
In the lead-up to joining the European Union, Hungary made significant progress in reducing air and water pollution and protecting its nature and biodiversity. OECD’s latest Review of the Environmental Performance of Hungary recommends that it redouble its efforts, in order to further reduce pollution and use energy and raw materials more efficiently.
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Financial crisis: Save our savings
Amid the worst current financial crisis since the 1930s, EU leaders have pledged to protect savers’ deposits. Already most OECD countries have explicit deposit insurance schemes for savings up to certain limits. In a number of countries these have now been raised temporarily.
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