The OECD Publishes Report On The 2024 Edition On Competition Trends

On 6 March 2024, the Organisation for Economic Co-operation and Development ("OECD") published its report on global competition trends based on data from 77 OECD and non-OECD jurisdictions for the year 2022 ("Report"). The Report outlines the key developments that took place in 2022 mainly in cartel enforcement, abuse of dominance enforcement, advocacy, competition authorities' resources and merger control.

Competition authorities continue to ramp up recruitment

2022 saw a continued growth in the number of competition stuff for competition authorities, with an overall annual growth of 3.8%. The engagement of additional employees by competition authorities is appropriate and timely considering the new and evolving complex markets, particularly in the digital sector. Such markets require competition authorities to bolster their manpower to ensure that they can understand and address any competition concerns that may be underpinning such markets.