News

TUAC seriously doubts the OECD’s analysis in its latest Economic Outlook and rejects its key recommendations on macroeconomic policy. TUAC is sceptical of the OECD’s assumption that the global economy and labour markets are resilient enough to withstand a return to fiscal austerity and ...

The OECD Pensions Outlook 2024 dives into pensions based on assets, encouraging higher reliance on equity markets, without adequately assessing the risks. Pension assets have increased to USD 56 trillion globally, three times their volume two decades ago, now representing 55% of GDP in advanced ...

The OECD’s recently launched Digital Economy Outlook contains calls for affordable or free training programmes, tackling the digital gender gap and engaging with trade unions on skills. The OECD calls on the governments to: • Provide “access to affordable or free training programmes and ...

Trade unions welcome key elements of the G20 Rio de Janeiro Leaders’ Declaration but call for concrete actions on urgent global challenges. The Declaration includes commitments to multilateralism, the Sustainable Development Goals (SDG) and the fight against inequalities but falls short in ...

TUAC, IndustriALL Global Union and industriAll Europe expressed their profound concern about the cumulative loss of tens of thousands of jobs in the steel sector and related industries, globally, and many more currently on the line. The trade union representatives attending the OECD Steel Committee ...

This year’s OECD How’s Life publication comes at a time when economies and societies have yet to fully recover from the COVID-19 pandemic and cost-of-living crisis, and stresses that traditional economic indicators such as GDP or average income are only part of the whole story. The report ...

A new publication from the OECD highlights that the labour market in Spain showed substantially more resilience during the COVID-19 crisis compared to the global financial crisis. Whereas unemployment in the earlier crisis skyrocketed by 18 percentage points, it only increased modestly by 3 ...

TUAC and national union centres significantly stepped up their engagement with the work of the OECD in Latin America this week. The OECD is increasingly involved in Latin America and the Caribbean, one of the most unequal regions in the world. Almost one in three people in Latin America live in ...

Peruvian trade union leader, Paula Aliaga, General Secretary of the Central Autónoma de Trabajadores del Perú (CATP), today called on the OECD to insist and ensure that Peru joining the OECD leads to respect for fundamental labour rights and results in improvements in employment conditions for ...

46 national governments and the European Union adopted a declaration on ‘Protecting and Empowering Consumers in the Digital and Green Transitions’ at an OECD meeting of Consumer Policy Ministers. The declaration notes that consumer spending accounts for around 60% of gross domestic product ...

Social dialogue is too rarely considered in the debate about strengthening democracy. That’s the key claim in an article ‘Democracy at work and beyond: the role of trade unions in strengthening citizens’ participation and trust in public institutions’ by TUAC General Secretary ...

The OECD’s Interim Economic Outlook Report  supports the recent turn in monetary policy and recognizes that there is room to lower interest rates. At the same time, it urges central banks to be prudent and carefully judge the timing and scope of reductions to contain underlying inflationary ...