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South Korea has one of the best fifth-generation (5G) communications network infrastructures among the member states of the Organization for Economic Cooperation and Development (OECD), a report showed on Wednesday. The country had the highest number of 5G base stations relative to its population, with 593 stations per 100,000 inhabitants, as of last year, followed by Lithuania and Finland, according to the latest OECD Digital Economy Outlook. The OECD average was at around 100 stati...
South Korea has top rated 5G infrastructure among OECD nations
The International Energy Agency (IEA) has scaled down its forecast for the growth in oil demand during 2024 as it expects the consumption of fuels to come down amid the economic slowdown in the advanced OECD countries. The Paris-based agency has reduced its oil demand forecast for the year by 140,000 barrels per day (bpd) to 1.1 million bpd. The IEA in its monthly oil report said its lower growth outlook for 2024 was on account of the slowdown in industrial activity and a mild winter le...
IEA scales down growth forecast for global oil demand in 2024
The Organisation for Economic Co-operation and Development (OECD) has raised India's growth outlook for 2024 to 6.2 per cent in its latest interim economic outlook released on Monday. OECD, which represents the developed countries, in its earlier outlook in November last year had projected India’s growth at 6.1 per cent. “The emerging-market economies have generally continued to grow at a solid pace, despite tighter financial conditions, reflecting the benefits of ...
OECD raises India`s growth outlook for 2024 to 6.2%
The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said on Wednesday. Global growth is set to moderate from 2.9% this year to 2.7% in 2024 before picking up in 2025 to 3.0%, the Paris-based policy forum said in its latest Economic Outlook. Growth in advanced economies that make up the OECD's 38 members was seen headed for...
Global growth to slow but avoid a hard landing - OECD
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