The Economic Outlook from the Organisation for Economic Cooperation and Development, released Wednesday, paints a picture of pain for some economies as major nations struggle to emerge from recession and unemployment in Europe soars to record levels.

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The Organisation for Economic Cooperation and Development represents wealthy countries such as those within the eurozone, the US and Japan.

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The Organisation for Economic Cooperation and Development lists Liechtenstein as one of only three states remaining on its blacklist of "uncooperative tax havens".

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It refutes a recent report from the Organisation for Economic Cooperation and Development (OECD) that said U.S. cellphone service is among the world's most expensive.

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The Organisation for Economic Cooperation and Development, or OECD, said Monday that their Composite Leading Indicator (CLI) inched up to 97.9 for India in November compared to 97.8 in October.

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The Organisation for Economic Cooperation and Development in Paris said in report published this week that China was on course to surpass the U.S. economy in just three short years.

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Between 2009 and 2011, the Organisation for Economic Cooperation and Development expects consumer prices inflation in the eurozone to average 1.3%, with average inflation across all the OECD countries forecast to be 1.5%.

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Although the head of Economics at the Organisation for Economic Cooperation and Development (OECD), Ignazio Visco, believes that there is room for a cut in rates in the eurozone, the ECB is apparently more worried about the lagging effects of a high oil price and the weakness of the euro which pushed up prices last year.

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