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 growth is projected to rise to around 8¾ per cent in 2007 supported by production at new automobile plants but to ease to 7½ per cent in 2008. Such production also underpins a large reduction in the current account deficit. Unemployment should continue to fall on the back of strong employment expansion. Disinflation is set to resume because of lower energy prices, high productivity growth and appreciation of the koruna.
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