The Organisation for Economic Co-Operation and Development's headquarters is up the top of the 16th Arrondissement in Paris, not too far from the Bois de Boulogne. It's a lovely area of Paris; econocrats and diplomats can go for a lunchtime stroll down Avenue Mozart, which starts at the La Muette metro nearby and heads off southwestward. There's the inevitable cafe or bakery on most every corner, and often two, and the occasional Grimaud Art Nouveau house to marvel at if you cross Avenue Mozart and continue a bit further south.

Who can blame the OECD, then, for its rotten record of prediction about the Australian economy? If we were there, we'd be spending the afternoon having a wine or six at Le Mozart rather than bothering to work out what was going on in the Australian economy.