Posts In Category

Resources

Definitions – Glossary – General Knowledge

The Organization for Economic Cooperation and Development (OECD) in November 2022 released its latest inflation figures. The Consumer Price Index (CPI) rose to 10.5% in September 2022, from 10.3% in August. Double-digit inflation in September 2022 was recorded in 19 of 38 OECD countries, with the highest rates observed in Estonia, Hungary, Latvia, Lithuania and Türkiye (all above 20%). Inflation excluding food and energy continued to rise in the OECD

Employee benefits management software provider Benify, together with global public opinion and data company YouGov, in early 2022 conducted a survey of more than 39,000 employees throughout Europe about their views on the future of work. Participants were asked to answer a series of questions about their employee benefits, their current work conditions, what they want most from their employer, and what they consider most important when choosing a

The Organization for Economic Cooperation and Development (OECD) in August released its gross domestic product (GDP) figures for the second quarter of 2022. According to provisional estimates, Q2 2022 GDP in the OECD rose by 0.3% quarter-on-quarter, equal to the growth in the previous quarter. GDP growth was negative in the United States and the United Kingdom (both minus 0.1%), and it slowed down sharply in Germany (0.1% compared to 0.8% in the

After releasing its latest inflation figures, the Organization for Economic Cooperation and Development (OECD) in August 2022 also released data about the impact on real household incomes. Real household income per capita fell by 1.1% in the OECD area in the first quarter of 2022, contrasting with growth of 0.2% in real GDP per capita. This is the fourth quarter in a row that GDP per capita has outpaced

The Organization for Economic Cooperation and Development (OECD) in August 2022 released updated figures about inflation across the OECD area. According to the OECD, the consumer price index (CPI) rose to 10.3% year-on-year in June 2022, after 9.7% in May 2022. This is the largest price increase since June 1988. Year-on-year inflation, again impacted by rising food and energy prices, increased in all countries except Germany, Japan, and the

The Organization for Economic Cooperation and Development (OECD) in July 2022 released updated figures about inflation across the OECD area. According to the OECD, year-on-year inflation as measured by the Consumer Price Index (CPI) rose to 9.6% in May 2022, compared with 9.2% in April 2022, largely driven by food and energy prices. This represents the sharpest price increase since August 1988. Food price inflation in the OECD continued

The Organization for Economic Cooperation and Development (OECD) in July 2022 released Composite Leading Indicators (CLIs) that continue to signal growth losing momentum in most major economies and in the OECD area as a whole. Among large OECD economies, the CLI for the United States now signals growth losing momentum, a change from last month’s stable growth indication. In the United Kingdom, Canada and in the euro area as a whole, including Germany,

The United Nations Conference on Trade & Development (UNCTAD) in July 2022 released a special issue of its Investment Policy Monitor, which analyzes the evolution of corporate income taxes across the world, as well as country efforts to attract investments through tax incentives. The Monitor expands on the analysis presented in the World Investment Report 2022: International Tax Reform and Sustainable Investment. Key findings include: The tax competition to

The Organization for Economic Cooperation and Development (OECD) in June 2022 released its latest Composite Leading Indicators (CLIs). According to the CLI models, economic growth may lose momentum in the OECD area as a whole over the next six to nine months. The latest indicators support the view presented in the latest OECD Economic Outlook, which revised global growth forecasts downwards due to the impact of the war in

According to a June 2022 press release from the Organization for Economic Cooperation and Development (OECD), in the first quarter of 2022, gross domestic product (GDP) in the G20 area rose by 0.7% quarter-on-quarter according to provisional estimates, down from the 1.3% increase recorded in the fourth quarter of 2021. The slowdown in the G20 area in Q1 2022 reflects weaker performance in the United States, where GDP contracted by 0.4% quarter-on-quarter

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its February 2022 unemployment figures: unemployment rate in the OECD area dropped below the pre-pandemic rate to 5.2%, down from 5.3% in January. This is the lowest level since the start of this data series in 2001. The number of unemployed workers in the OECD area also continued to fall, reaching 34.9 million, 0.7 million below its

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its February 2022 inflation statistics, confirming their acceleration. Year-on-year inflation in the OECD area rose to 7.7% in February 2022, compared with 7.2% in January 2022, and 1.7% in February 2021. This increase reflected in part another sharp rise in inflation in Turkey, increasing from 48.7% in January to 54.4% in February. Excluding Turkey, inflation in the

The Organization for Economic Cooperation and Development (OECD) in April 2022 published its latest Composite Leading Indicators (CLI), based on data available up to March 2022. CLIs are designed to anticipate turning points in economic activity relative to long-term trends. The newest numbers point to growth losing momentum in Europe, but a stable growth in other major OECD economies. In Europe (U.K. and the Euro area) the lower growth

The Organization for Economic Cooperation and Development (OECD) in March 2022 published its January 2022 inflation statistics and confirmed the record-breaking figures of December 2021. Inflation in the OECD area rose to 7.2% in the 12 months to January 2022, compared with 6.6% in December 2021, and just 1.6% in January 2021. Similar to last month, this increase was driven in part by yet another surge in Turkey (to

Immigration experts Fragomen will host an online event about the Russia-Ukraine Crisis, Resources and Crisis Management Pointers for Employers. The webinar is intended to provide further insight into the immigration ramifications of the situation: Updates regarding the evolving crisis in Ukraine as related to immigration How [Fragomen] can help employers and employees navigate the current challenges Reducing vulnerabilities by assessing immigration risks and mitigating their impact through planning and

The Organization for Economic Cooperation and Development (OECD) in February 2022 published its December 2021 inflation statistics, showing the highest rate since July 1991, more than 30 years ago. In fact, inflation in the OECD area rose to 6.6% in the 12 months to December 2021, compared with 5.9% in November, and just 1.2% in December 2020. This increase was driven in part by a surge in annual inflation

The Organization for Economic Cooperation and Development (OECD) in January 2022 published its November 2021 inflation figures, showing the highest rate in 25 years. In fact, inflation in the OECD area surged to 5.8% in the 12 months to November 2021, compared with 5.2% in October, and just 1.2% in November 2020, reaching the highest rate since May 1996. The rise was particularly marked in the United States, where

Big-Four firm Ernst & Young in November 2021 released the 2021 edition of its Worldwide Corporate Tax Guide. The 2012-page document summarizes corporate tax systems in more than 160 jurisdictions and is current as of January 1, 2021. It can be downloaded here as a PDF (free of charge, personal details required).

The Organization for Economic Cooperation and Development (OECD) in October 2021 published its latest data about inflation. According to the OECD, the Consumer Price Index (CPI) continued upward, reaching 4.3% in August 2021 driven by energy and food prices. The new data point compares with 4.2% in July, continuing the upward trend beginning in December 2020. In the euro area, annual inflation picked up strongly to 3.0% in August

Ranked by 2020 brokerage revenue, the Top Ten insurance brokers are: The average growth in 2020 was close to 5%. The 2020 rankings differ from the 2019 league table only by #9 and #10, Acrisure and USI, which have swapped their places.  

The Organization for Economic Cooperation and Development (OECD)’s Composite Leading Indicators (CLI) in September 2021 indicated that growth remains at above-trend levels but is moderating in the OECD area. Among the major OECD economies, the signs of a moderating growth at above-trend levels already were flagged in last month’s assessment. They now have been confirmed in Canada, the euro area as a whole, including Germany and Italy, and in

The Organization for Economic Cooperation and Development (OECD) in September 2021 published its July 2021 unemployment data. The OECD area unemployment rate fell to 6.2% in July 2021 (41.1 million workers) from 6.4% in June (minus 1.6 million), and still 0.9 percentage point above the rate observed in February 2020. The latest rate largely reflects the return of temporary laid-off workers in the United States and Canada, where they

According to SwissRe Institute’s sigma study published in September 2021, global premiums in P/C insurance are expected to grow by an average 5 to 6% per year over the 2020 to 2040 period, reaching USD 4.3 trillion by 2040, up from 450 billion in 2020. The expected growth is driven by effects of economic development and climate change, and includes a shift from lower-risk, high-volume motor insurance to catastrophe-exposed property

The Organization for Economic Cooperation and Development (OECD) in August 2021 announced that the Gross domestic product (GDP) of the OECD area remains below pre-pandemic levels, despite increasing growth in the second quarter of 2021, by 1.6% from 0.6% in the previous quarter, according to provisional estimates. The United Kingdom recorded the strongest growth (4.8% from minus 1.6% in the previous quarter), followed by Italy (2.7% from 0.2% in the previous quarter).

Swiss Re in June 2021 published a new edition of its SONAR research report under the title “New Emerging Risks Insights”. The report addresses the threats that will shape the future post-COVID-19 risk landscape. They range from the unintended consequences of government interventions through to the dangers of restarting under-maintained industrial facilities. The key issues addressed include: COVID-19 to worsen income inequality; growth in the global middle class slowed

The Organization for Economic Cooperation and Development (OECD) in April 2021 published its latest set of Composite Leading Indicators (CLIs). Designed to anticipate turning points in economic activity relative to long-term trends, CLIs continue to strengthen in most major economies. In the US, the CLI increases steadily, thanks to a greater consumer confidence. In Japan, Canada, and the euro-area (especially Germany and Italy), the CLIs point towards a steady

The World Economic Forum (WEF) in January 2021 published the 16th edition of its annual Global Risks Report. Prepared with input from global broker Marsh McLennan, South Korean conglomerate SK Group, and insurance carrier Zurich, the 2021 edition of the report focuses on risks arising from societal fractures, with implications for human health, unemployment, widening digital divides, youth disillusionment, and geopolitical fragmentation. According to the WEF, large cohorts of