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.
Growth should remain close to 6% in 2007 and 2008, absent any further shocks. But the economy is not yet fully resilient to domestic and international turbulence. Disinflation will resume but at a slower pace than officially projected.