7 minute readRecent months brought positive news about declining inflation, with rates finally coming within reach of central banks’ targets and pre-pandemic inflation. This is especially welcome after the surge in inflation rates following the Covid pandemic, supply chain disruptions and start of war in Ukraine, in 2021-22, when in many OECD countries inflation reached figures not seen since the 1980s. However, declining inflation rates do not mean declining prices, only a slowdown in their increase. Average prices of consumer goods and services are now (as of September 2024) about a third higher for an average OECD country than they were in December 2019.
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4 minute readIn recent years, the global economy has experienced a number of deep shocks, due to escalating geo-political tensions, global financial risks, tighter monetary and fiscal policy stances, financial-sector stress, labour shortages, trade barriers and slowing integration in global value chains. Drawing on the Timely Indicators of Entrepreneurship and the first chapter of the OECD SME and Entrepreneurship Outlook, this article examines recent developments in business dynamism.
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3 minute readThe rise in inflation over the past two years in economies around the world has created major challenges for policymakers. One key uncertainty in addressing these challenges has been whether the surge in inflation has primarily reflected demand factors or negative supply shocks.
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4 minute readNowadays, policymaking and economic analyses rely heavily on statistics and international comparisons. The demand for high-frequency, reliable but also easily accessible data is increasing.
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6 minute readOur news release on economic growth and well-being in the second quarter of 2022 showed real Household Disposable Income (HDI) per capita in the OECD declining by 0.5% while real Gross Domestic Product (GDP) per capita rose…
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9 minute readInflation in the OECD has steadily increased since the start of 2021. In March 2022 Inflation hit a 40-year high in Germany and the United States and broke records in all other G7 countries, except in…
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8 minute readThe consumer price index tracks the price changes, or inflation, of the goods and services purchased by an average household. It is a key statistic…
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4 minute readHousing is key to wellbeing. However, despite their importance, including for macroeconomic policymaking, as the 2008-09 financial crisis well illustrated…
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