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

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