OECD

The Impact of Better Teachers: $100 Trillion More in U.S. GDP

A new study says top-performing teachers turn out students who learn more than the students who had the worst teachers. And that extra learning has a huge impact on earnings -- and the nation's economy. Still, some educational experts say the study raises more questions than it answers.

OECD Cuts World Growth Outlook, Predicts 'Softspot'

The Organization for Economic Cooperation and Development (OECD) cut its prediction for economic growth in 2011, forecasting a "softspot" as governments withdraw stimulus packages. The OECD said the world economy will grow by 4.2% in 2011, compared with a previous forecast of 4.5%, Bloomberg News reported. Growth will rise to 4.6% in 2012.

OECD Raises Second Quarter Growth Estimate

The Organization for Economic Cooperation and Development upped its estimate for second quarter economic growth among its 33 member nations on signs that investment rose. Gross domestic products in OECD countries increased by an average of 0.9% in the three months through June, the organization said, according to Bloomberg News. The OECD previously estimated second quarter growth of 0.7%.

Unemployment Could Remain High Until 2013

The recession may have ended in June 2009, but unemployment in the U.S. is likely to stay above the pre-crisis level until at least 2013, according to a survey from the Organization for Economic Cooperation and Development.

Economists Cut U.S. Growth Forecast for Third Straight Month

A panel of economists cut its forecast for U.S. economic growth for the rest of 2010 for the third month in a row. The latest Blue Chip Economic Indicators report said that lower-than-expected consumer spending, business investment and private construction would dampen economic growth, Reuters said.

World Oil Demand Expected to Rise 1.6% in 2011

World oil demand will rise 1.6% in 2011, driven by economic growth in developing countries, the International Energy Agency said. In its first detailed assessment of the 2011 period, the Paris-based agency forecast oil demand rising to 87.8 million barrels a day, the Associated Press reported. Demand from emerging economies such as China and India will climb 3.8% from 2010.

Helicopter Parents, Honor Deflation and the U.S. Economy

Pundits constantly lament the state of the U.S. economy, but it's our human capital that we should be worried about. Our young people are being ill-prepared for the workplace, and getting some very strange signals from both schools and parents about what it means to be "the best."

Econ Note: OPEC Sees Flat Demand and No Need for More Oil Supplies

In OPEC's June report, released today, the oil cartel doesn't see global demand changing much. It's sticking with its 0.9 million barrels per day increase (1.1%) for the remainder of 2010. It notes that demand rose a "marginal" 0.4 mbd in the first quarter, so it's already trending a bit behind its yearly forecast.

OECD Raises Economic Outlook Despite Debt, Inflation Fears

The OECD released a "glass half empty" economic outlook report Wednesday. Despite its upward revisions for GDP forecasts, the group is worried that sovereign debt issues and inflation in emerging markets may cause problems for the world's key economies.

Just how modest will the recovery be?

If the economy were a hospital patient, it would be off life support. That's the type of recovery experts seem to be expecting over the next few...