Data on economic growth at the end of 2025, published by the Organization for Economic Co-operation and Development (OECD), places India as the Asian nation with the highest growth, starting at 5 %.

India is followed by China and Indonesia, although it surpasses them at the end of the fiscal year. Its growth is based on strong domestic demand and favorable external factors, without discounting the challenges it must face to achieve its development goals by 2047.

In the case of Latin America, the country with the highest economic growth is Argentina, according to the organization, with 4.2 %, thanks to investment and exports.

The OECD also highlights a favorable business environment, the dynamism of the mining and energy sectors, and less burdensome regulations.

M.Pino

Source: larepublica

(Reference image source: Jovyn Chamb on Unsplash)

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La entrada India recorded the highest economic growth in 2025 apareció primero en Bitfinance.

The Organization for Economic Cooperation and Development (OECD) forecasts Costa Rica’s Gross Domestic Product growth of 3.8% this year.

The international organization presented the data last Tuesday through the OECD Economic Surveys: Costa Rica 2025 report, which shows an improvement compared to its last projection in December 2024, “when it placed it at 3.5%, although it is lower than the 4% growth that the Central Bank proposed in January of this year.”

According to OECD estimates, Costa Rica’s economy will experience growth of 3.8 % in 2025 and 2026. In January of this year, the Central Bank of Costa Rica (BCCR) projected economic growth for that period at 4 %.

At the presentation of the OECD report, Secretary-General Mathias Cormann noted that “Costa Rica must address the skills mismatch, increase women’s participation in the labor market, and reduce informality to boost medium-term growth.”

He also highlighted that the country has a well-trained workforce, as well as “significant untapped potential in wind, solar, and geothermal energy, which could meet this growing demand through the diversification and expansion of renewable energy production.”

M.Pino

Source: semanariouniversidad

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La entrada OECD forecasts Costa Rica’s GDP growth at 3.8 % apareció primero en Bitfinance.

The Organization for Economic Co-operation and Development (OECD)’s global growth forecasts for 2025 are slightly encouraging, with the organization raising the figure to 3.2 %.

The OECD has considered aspects such as the impact of geopolitical conflicts and increased trade tensions, as well as global economic resilience and interest rate adjustments.

The figures are different for each region. In the Eurozone, for example, the weakest economies have been Germany (0 % in 2024 and 0.7 % in 2025), France (1.1 % in 2024 and 0.9 % in 2025) and Italy (0.5 % in 2024 and 0.9 % in 2025).

Regarding Spain in particular, according to the OECD, GDP will rise by 3 % this year “and will be the second highest of all Member States, only behind Turkey (3.5 %)”.

In the case of the United States, its growth has been solid and is expected to remain at 2.8 % this year and 2.4 % next year.

China and India, in the Asian region, have provided surprises: China (4.9 % in 2024 and 4.7 % in 2025) and India (6.8 % and 6.9 %, respectively). And they are followed in Latin America by Brazil (3.2 % and 2.3 %) and Mexico (1.4 % and 1.2 %). Regarding Argentina, which is recovering at the end of the year, the OECD estimates that growth will be somewhat higher both in 2025 (2.2 %) and in 2026 (2.1 %), thanks to the fact that the country is preparing to emerge from the recession it has been experiencing.

M.Pino

Source: DW

(Reference image source: Getty Images for Unsplash)

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La entrada OECD raises global growth forecast for 2025 apareció primero en Bitfinance.

The Organization for Economic Cooperation and Development (OECD) issued an alarming report on the Argentine economy. According to their estimates, inflation in the country will soar even further this year, reaching a staggering 250.6%, compared to 134.5 % in 2023. In addition, the recession will deepen, with a fall in economic activity of 2.3 %, a figure significantly higher than forecast before Javier Milei’s presidential election.

In its recently released interim Outlook report, the OECD revised downward the short-term projections for Argentina. Although the country is not a member of the OECD, it is part of the G20, and the new president’s economic policies have had a notable impact.

What is most surprising is the explosion of inflation. The 250.6 % forecast for 2024 is 93.5 percentage points higher than the estimate made at the end of November. It is important to note that this represents an annual average (calculated over the 12 months), as well as the 134.5 % recorded in 2023, which reflected the acceleration of prices during the latter part of the year.

In December, prices rose by 25.5 %, and the OECD expects a similar increase in January due to the devaluation of the currency decided by the Milei government.

The OECD also notes that Argentina was the only G20 country whose Gross Domestic Product (GDP) declined in 2023, with a drop of 1 % (Saudi Arabia recorded -0.9 % and Germany -0.1 %). Unfortunately, this trend will continue in 2024, with an even greater contraction of economic activity of 2.3 %.

In summary, the economic situation in Argentina remains worrying, and the policies implemented by the new government will have a significant impact on the future of the country.

K. Tovar

Source: Bancaynegocios

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La entrada Inflation in Argentina reached “worrying levels” apareció primero en Bitfinance.

The G20 Gross Domestic Product (GDP) experienced a slowdown in the second quarter, registering growth of 0.7 %, three tenths less than in the previous quarter. China played a significant role in this phenomenon, although most of the world’s top 20 economies also experienced less favorable performance.

The Organization for Economic Cooperation and Development (OECD) published this aggregate data today, emphasizing the impact of China’s slowdown on the G20 as a whole. Chinese GDP went from 2.2 % growth between January and March to 0.8 % between April and June.

In addition to China, other large emerging markets such as Brazil (0.9 % instead of 1.8 %) and India (1.9 % instead of 2.1 %) also saw lower growth in the second quarter compared to first.

Among the G20 member countries with more developed economies, a slowdown was observed in Canada (0.6% in the first quarter compared to 0 % in the second), a contraction in Italy (0.6% GDP expansion between January and March to a contraction of 0.4 % between April and June) and stagnation in Germany (decrease of 0.1 %).

However, the case of Turkey within the G20 stands out, where there was a significant improvement in its economic performance. After a 0.1 % drop in the first quarter, the Turkish economy saw an impressive 3.5 % jump in the second quarter, driven mainly by private consumption.

K. Tovar

Source: Bancaynegocios

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La entrada G20 GDP had a slowdown in growth during the second quarter of the year apareció primero en Bitfinance.

The OECD published on Tuesday its economic growth prospects for the end of 2022 and for 2023 in Latin America. In the case of Colombia, it foresees an economic growth of 8.1 %; however, it notes that it will experience a slowdown next year.

According to the Organization for Economic Cooperation and Development, in 2023 GDP will increase by 1.2 %, considerably below forecasts. With respect to 2024, a growth of 1.7 % is estimated.

The OECD report points to a moderation in consumption and investment. Regarding the domestic and business environment, he highlights the consequences of inflation and high interest rates, as well as “uncertainty about the economic outlook and economic policy.”

Regarding monetary policies, he points out that they will continue to be strict in Colombia. A positive aspect is the forecast of a recess in the increase in interest rates that the Banco de la República has been applying since last October.

The OECD estimates that “increased government revenue will reduce the budget deficit under current spending plans, which include a necessary increase in social spending.”

Colombia is currently facing the consequences of high inflation, increased interest rates, depreciation of the peso against the dollar, and uncertainty among the population regarding State policies.

M.Pino

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Source: finanzasdigital

La entrada OECD forecasts economic slowdown in Colombia next year apareció primero en Bitfinance.

The Ministerial Conference on the Digital Economy of the Organization for Economic Cooperation and Development (OECD) will be held between December 13 and 16, 2022 in the Canary Islands and will focus on sustainable, inclusive and competitive digital transformation.

The Conference, which will be the first to be held on European territory, expects the participation of approximately 60 ministers responsible for the digitization sector in their respective countries. Among the guests, the member countries of the European Union stand out, as well as the United States, Japan, Mexico, Brazil and Canada.

The organizers are still analyzing the agenda of the Conference, but the aspects to be discussed are related to “digital rights, international data transfers, the principles of artificial intelligence, disinformation, connectivity, digital security or the double green transition. and digital.”

Canary Islands, leader in smart tourism

The holding of the Ministerial Conference on Digital Economy in the Canary Islands archipelago will become a leader in “intelligent tourism and digital destination for digital nomads” because it is among the 10 fastest growing global destinations for “digital nomads”.

During the Conference, different events will be held on the various islands that make up the archipelago, but it will be held centrally in the municipalities of Las Palmas de Gran Canaria and San Bartolomé de Tirajana.

The Digital Economy Policy Committee is a specialized formation within the OECD, in charge of developing policies based on realities that stimulate the growth of an accessible, innovative, open, inclusive, reliable, sustainable digital economy that promotes social well-being.

This committee is responsible for producing reports with “non-binding” recommendations that help coordinate and support national initiatives on digital transformation.

M. Rodríguez

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Source: revistatransformaciondigital.com

La entrada The Canary Islands will host the Conference on the digital economy apareció primero en Bitfinance.

The head of the Federal Administration of Public Revenues (AFIP) of Argentina, Mercedes Marcó del Pont, stressed that they are supporting the creation of a global centralized system that supports a registry of crypto holders, which would allow all tax agencies to avoid tax evasion. by the owners of virtual currencies.

The national tax collection agency of Argentina or AFIP, as it is known, plans to optimize its tax collection process with virtual currencies. One of its strategies is “the creation of a registry of cryptocurrency holders, by carrying out changes to include digital assets in the current automatic data exchange system operated by the Organization for Economic Co-operation and Development (OECD)”.

Marcó del Pont also stressed that the institution is compiling the financial information necessary to collect taxes from all Argentine citizens who have accounts abroad.

Strengthening the controls

The Argentine State is deepening the strategies and techniques that allow it to recover its capacities in matters of auditing to control and prevent tax evasion and increase the contribution of those sectors and people with higher incomes.

In this context, the agency managed to admit “digital wallets” as assets with the possibility of being “seized to pay the tax debt.” This measure made it possible to solve 5,000 cases, where taxpayers had other assets that the agency could seize.

The head of the agency indicated that these actions were possible because the institution receives reports from all “fintech companies on the holdings of their clients’ activities.” Additionally, she explained that the regulatory entity was able to exchange information with other countries that allowed them to access the funds of those “taxpayers who did not have bank accounts or assets in the country.”

Marcó del Pont considers it essential to share information on “electronic money, digital currencies and crypto assets in international mechanisms to prevent them from becoming instruments that facilitate evasion.”

M. Rodríguez

source: heaven32.com

La entrada AFIP supports the creation of the global registry of crypto holders apareció primero en Bitfinance.

An agreement between 136 countries establishes a global minimum tax of 15 % for multinational companies from 2023. This is a historic alliance that has been led, for 10 years, by the Organization for Economic Cooperation and Development (OECD).

This measure arises from the concern that multinational companies redirect their profits to places where taxes are lower, in order to reduce the tax burden to pay. The agreement represents more than 90 % of world GDP.

Additionally, it will allocate “more than 125,000 million dollars of profits from the 100 largest and most profitable multinational companies to countries around the world.” Ensuring that the transnationals pay “the equitable part of taxes that correspond to them, regardless of where they carry out their activities and generate profits.”

Of the 140 members of the OECD / G20 Inclusive Framework on Tax Planning Strategies (BEPS) 136 joined the declaration that establishes two pillars to address the tax challenges arising from the Digitization of the Economy. While Kenya, Nigeria, Pakistan and Sri Lanka have yet to adhere to the agreement.

Tax reallocation

The agreement on the global minimum tax does not attempt to eliminate tax competition, but imposes restrictions negotiated multilaterally, which will cause an additional collection, for the countries, equivalent to “about 150,000 million US dollars.”

The first pillar of the agreement establishes a fairer distribution between countries of the profits and tax rights related to the largest and most profitable multinational companies, reallocating tax rights on large companies from the countries of origin to the markets in which who carry out their economic activity and obtain benefits, regardless of having a physical presence or not.

This means that all those companies that register global sales above 20 billion euros and their profitability exceeds 10 %, which can be considered the most favored by globalization, will be subject to the new rules, so they will be reassigned to market jurisdictions 25 % of the profit that exceeds the 10 % threshold.

While the second pillar establishes a “minimum global tax on companies of 15 %, which will apply to companies that exceed “750 million euros” calculating an annual, worldwide collection, in the order of USD 150 billion.

In addition, the benefits of this agreement will also impact taxpayers and their administrations because it will provide greater stability to the international financial system, as well as the enhancement of legal security in tax matters.

M. Rodríguez

Source: Finanzasdigital.com

La entrada OECD countries sign a minimum 15 % tax agreement for multinational companies apareció primero en Bitfinance.

The United States Congress can approve in the spring of 2022 one of the pillars of the global tax agreement agreed within the framework of the OECD and endorsed by the G20 in Venice. This was stated by the US Secretary of the Treasury, Janet Yellen,  at a press conference held on Sunday, July 11th, during her visit to that nation.

The finance ministers and governors of the G20  central banks have underpinned this system that is based on two pillars: allocating a percentage of the profits of companies to certain jurisdictions so that they pay taxes where they operate, even if they do not have a physical presence. The second refers to the application of a minimum corporate tax, at least 15 %, to companies with a turnover in the order of 750 million euros, about 890 million dollars.

The US Congress must pass the agreement before the nation can join the pact. But according to the Treasury Secretary’s statements, the chamber could approve the first pillar in the spring of 2022, while the second could be endorsed this year.

Yellen stressed that several countries will adopt the agreement on international taxation and informed that he will meet, on Monday, with Ireland, Estonia and Hungary, in order to explain the importance of their accession.

The Secretary of the Treasury indicated “now we are all the countries competing on the basis of economic fundamentals, with our economic strengths, our capacities for innovation and the robustness of our economic institutions.” She added that the pact will provide the resources to invest in infrastructure, education, and research and development.

M. Rodríguez

Source: eldinero.com.do

La entrada Janet Yellen seeks the approval of the global fiscal pact apareció primero en Bitfinance.