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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28 June 2007
DOI: 
10.1787/eco_outlook-v2007-1-en
 
Chapter
 

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English
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Author(s):
OECD
Pages
115–117
DOI: 
10.1787/eco_outlook-v2007-1-17-en

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Real GDP surged by 5.5% in 2006, driven largely by exports, although consumption growth was sustained and private investment picked up. Output is expected to expand at close to its trend rate of 3% this year and next. While unemployment remains high, it is expected to continue to decline over the coming year. Inflation is expected to remain moderate.
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