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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OECD

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Output expanded by 6.0% in 2006, the fastest pace since 2002. It was driven by strong consumption and business investment, but the housing boom is over. The rate of growth of GDP is expected to slow to 5.5% in 2007 and 4.1% in 2008 as consumption weakens and housing investment falls.
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