Society: Well-being improves but inequalities persist (Bild: OECD)
Life has generally improved for most people in OECD countries over the past 10 years, but inequalities persist as insecurity, despair and disconnection affect large parts of the population, according to How’s life?, the OECD’s latest report on well-being, writes the OECD.
The coronavirus presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. The OECD calls on governments to act immediately to limit the spread of the coronavirus, protect people and businesses from its effects and shore up demand in the economy.
International merchandise trade in the G20 countries continued downwards in Q4 2019, as exports and imports slid to their lowest levels in two years. Disruption to Asian supply chains in particular, related to Covid-19 (coronavirus) suggests that this trend could continue in Q1 2020. The volume of corporate debt reached an all-time high in real terms of USD13.5 trillion at the end of 2019, driven by the return of more expansionary monetary policies early in the year.
Additionally, the overall quality of corporate debt has declined, according to a new OECD report, Corporate Bond Market Trends, Emerging Risks and Monetary Policy. Violence in North and West Africa is increasingly targeting civilian and border regions, according to the OECD’s Sahel and West Africa Club (SWAC).
Their report, The Geography of Conflict in North and West Africa, finds that the last five years have been the most violent recorded in the region, with over 60,000 people killed in 2015-2019. For March on Gender 2020, the OECD Gender Initiative sharpens its focus on existing barriers to gender equality in education, employment, and entrepreneurship. It monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.Artificial intelligence (AI) could influence every aspect of our lives, how we work and play.
The technology can help solve global problems, but poses challenges too. The OECD has opened a new policy observatory at OECD.AI to help countries address these challenges, and shape better policies for a responsible, productive and human-centred AI.Are you curious to know how our experts work to shape better policies for #BetterLives? We sat down with colleagues across the organisation to learn more about what matters most to them in their job.
Click on the image to see our teaser!.
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