OECD Economic Outlook, Volume 2007 Issue 1
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OECD Economic Outlook, Volume 2007 Issue 1

This issue of OECD's twice-yearly OECD Economic Outlook provides analysis of recent economic developments and economic projections for OECD and major non-OECD countries through the end of 2008. Its comprehensive statistical annex is a useful reference tool for international economic comparisons. Two special reports are included: one covers the effects of globalisation and how to maximise its benefits and minimise its adjustment costs. The second covers fiscal consolidation.
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Economic activity is expected to ease further, but it will remain robust with real GDP growth slightly below 5% by the end of the projection period. Inflation will be pushed up towards the upper limit of the Central Bank’s target band, though this will have more to do with increases in excise duty and price deregulation than demand pressure.
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