Tag: OECD
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Southeast Asia’s OECD hopefuls: Why Thailand and Indonesia are chasing entry to ‘rich countries’ club’
Bidding to join the international Organisation for Economic Co-operation and Development shows Southeast Asian economies are trying to use global standards to raise credibility, attract investment and lock in domestic reforms, experts say.
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Global steel crisis deepens as oversupply grows, OECD warns
The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.
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Prolonged Iran war could push economies into recession, OECD warns
The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.
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OECD cuts 2026 global growth forecasts over Mideast war fallout
If energy disruption persists well into next year, some economies could fall into outright recession, with Asian countries reliant on Middle East energy supplies expected to be hit hardest.
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