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    Organization For Economic Cooperation And Development

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    • Report finds global economic outlook not as bad as expected

      The Organization for Economic Cooperation and Development (OECD) said in a report that the world’s gross domestic product is projected to decline by 4.5 percent this year - less than the 6 percent plunge it had predicted in June.

    • Britain would be less well off after Brexit: OECD

      The OECD joins a growing list of international organisations warning of the potentially damaging effects of Britain voting to leave the EU in a June 23 referendum, including the International Monetary Fund and G20.

    • Panama slams 'unfair' OECD accusations against it

      The country's deputy foreign minister, Luis Miguel Hincapie, said in the harsh letter yesterday addressed to the OECD's Angel Gurria that, in the wake of the so-called Panama Papers revelations, he had made "allegations and insinuations whose falsity is easily demonstrated."

    • OECD countries to limit overseas financing for coal plants

      Environmentalists say the pact reached today is an important step forward and sends a strong political message ahead of upcoming climate change talks in Paris.

    • Spain's reluctance to seek bailout justified: OECD's Gurria

      Spain's reluctance to ask for a bailout was justified, said Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), as there were signals that any calls for help by Madrid may be rejected.

    • As crisis bites, rising wealth gap becomes key

      The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fuelled boom.

    • IMF countries try to bridge economic policy rift

      International Monetary Fund member countries sought to bridge sharp differences over the global economy, acknowledging that rising inflation in emerging markets poses a risk to rich countries too.

    • Oil prices may spike if contagion enters Saudi: Argus Media

      Jason Feer, Vice President and Singapore Bureau Chief of Argus Media told CNBC-TV18 that if the contagion spreads to the neighbouring countries surrounding Libya, these additional disruptions could see crude oil prices heading even higher.

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