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

The OECD in May 2019 published its Economic Outlook, containing analysis and projections for its 36 member countries and other major economies. A summary of the Economic Outlook and key data is accessible at http://www.oecd.org/economy/economic-outlook/. A special chapter in the Outlook analyses the ongoing digital transformation of the economy and complementary effects on productivity, which is one of the key themes of the 2019 OECD Forum and Ministerial Council