The well-being figure // Experts compared the online skills of Russians and residents of OECD countries

The conditions created in the Russian Federation for enjoying the benefits of digitalization are generally comparable to those in the OECD countries, there is a lag in a number of parameters, but it is insignificant. Experts from the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK) came to this conclusion after comparing Russian … Read more

Housing is out of reach // OECD proposes changing property taxes to cope with prices

Years of steady growth in the price of a square meter, which has accelerated during the pandemic and may receive a new impetus in the form of rising central bank rates in developed countries, makes it increasingly difficult for the young and poor to access housing, and an increasing share of housing is concentrated in … Read more

The OECD recognized the UK as the country most affected by the Ukrainian crisis Great Britain topped the list of Western countries most affected by the Ukrainian crisis. The Organization for Economic Cooperation and Development (OECD) came to this conclusion in its report. According to forecasts, the UK GDP was expected to increase by 4.7 percent in 2022, and by 2.1 percent in 2023. Updated estimates show that … Read more

The crisis of the wrong system // OECD analysts do not expect a repeat of the 1970s stagflation

Against the background of the global crisis caused by the military operation of the Russian Federation in Ukraine, and the acceleration of inflation that accompanies it, the growth of the world economy in 2022 will be only 3% instead of the December estimate of 4.5%, the Organization for Economic Cooperation and Development (OECD) states. At … Read more

Taking care of the fearful investor // OECD warns of risks of transformation of the global financial system

The military operation in Ukraine and Western sanctions against the Russian Federation will not only exacerbate the decade-long decline in foreign investment in Russia itself, the Organization for Economic Cooperation and Development (OECD) predicts. Although their volume on a global scale is small in itself (1–1.5% of the global investment market), the OECD fears a … Read more

Crypto fleet offered a legal haven // OECD to include data on cryptocurrencies in the global exchange of tax information

The Organization for Economic Co-operation and Development (OECD) is discussing the inclusion of information on the circulation of crypto assets, including cryptocurrencies and its derivatives, in the automated exchange of tax information in the G20 countries. A package of amendments to the rules for the disclosure of data on financial assets will require crypto exchanges … Read more

With a new shock // OECD estimated the consequences of the Russian military operation at 1% of global GDP

The global economy is facing a new supply shock. The consequences of the Russian military operation in Ukraine can cost 1% of global GDP, and inflation will grow by an average of 2.5 percentage points – such estimates are contained in a special report by the OECD. The negative impact on other countries will be … Read more

OECD inflation hits 25-year high

Today, the Organization for Economic Cooperation and Development (OECD), which unites 38 advanced economies that recognize the principles of representative democracy and free market economy, reported that inflation in the OECD zone reached 5.8% in November last year. This has been a record increase since May 1996. The rise in prices in the OECD is … Read more