The OECD’s “Pensions at a Glance 2023” report presents a detailed analysis of pension systems, demographic trends, and policy reforms among its G20 member countries. Here’s GBV’s comprehensive analysis based on the key findings from the report: 1. Pension Reforms and Retirement Age Adjustments Increasing Retirement Ages: Many OECD countries continue to increase retirement ages. For example, Sweden raised its retirement age and linked it to two-thirds of life-expectancy

Overview of OECD Inflation Trends in August 2023 The OECD (Organisation for Economic Co-operation and Development) has released a detailed report, providing an in-depth analysis of the inflation trends observed across its member countries in August 2023. The report reveals a notable increase in the year-on-year inflation within the OECD, which ascended to 6.4% in August 2023, up from 5.9% in July 2023. This inflationary trend was witnessed in

Antimicrobial resistance (AMR) poses a significant global threat, driven primarily by the misuse of antibiotics. This issue is explored in-depth in an OECD report, which reveals critical insights and potential consequences of unchecked AMR. Key Points: Global Antibiotic Consumption: Over the past two decades, the use of antibiotics in humans has moderately increased in OECD and EU/EEA countries but significantly surged in non-OECD G20 nations. Notably, the consumption of

Updated: September 5, 2023 The latest data from the OECD reveals that year-on-year inflation, as measured by the Consumer Price Index (CPI), saw a notable uptick, reaching 5.9% in July 2023. This represents an increase from the 5.7% recorded in June and marks the first rise since October 2022. The primary driver behind this increase in inflation was a sharp surge in inflation in Türkiye. However, when excluding Türkiye

The latest report from the OECD reveals that in the second quarter of 2023, the Gross Domestic Product (GDP) of its member countries experienced a moderate growth of 0.4% on a quarter-on-quarter basis. This increase, while positive, represents a slight deceleration compared to previous quarters. Despite this, some individual member states demonstrated notable growth in this period. For instance, Japan’s GDP surged by 1.5%, a significant improvement from the

G20 merchandise trade faced a contraction in value during the second quarter of 2023, when compared to the previous quarter, measured in current US dollars. Both exports and imports experienced declines of 3.1% and 2.0% respectively. This decline can be attributed to subdued global demand and the decreasing prices of commodities, especially energy products. The drop in energy prices had a significant impact on North America’s trade value, leading