Organization for Economic Cooperation and Development

Organization for Economic Cooperation and Development

Intergovernmental economic organization

The Organisation for Economic Co-operation and Development is an intergovernmental organisation with 38 member countries. It was founded in 1961 to stimulate economic progress and world trade. The OECD is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform for collective problem-solving, analysis, and coordination. OECD members are highly developed countries with advanced economies typically considered efficient and high-income.

Also known as...OECD and Organisation for Economic Co-operation and Development
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UK Economy Slows, Unemployment Rises

UK Economy Slows, Unemployment Rises The OECD predicts slower UK economic growth and rising unemployment, attributing it to the Middle East conflict and higher wages.