development: The loss of trade, investment and technical knowledge plus a further fall in the pound will prolong Britain's growth rate until at least 2022, according to The Guardian. Q&A What is the Organisation for Economic Co-operation and Development OECD Show Hide The Organisation for Economic Co-operation and Development is an intergovernmental organisation formed in 1961 to work on global trade and the world economy. Amid concerns that all developed countries will experience slower growth next year, the Paris-based club for the world's 35 richest states warned that the UK would take the biggest hit if the government failed to secure an agreement with the EU. OECD analysis estimates that losing unfettered access to EU markets after 31 October will probably plunge the UK into recession next year. It has 36 member countries. It also gathers and publishes large amount of international economic data. Based in Paris, the OECD is best known for the regular economic reports and data it publishes, and for the PISA rankings, which compare academic achievement across nations.
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