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OECD Economic Outlook, Volume 2007 Issue 2

Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. This issue covers the outlook to end-2009. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments. In addition to the themes featured regularly, this issue contains a special chapter entitled Corporate saving and investment: Recent trends and prospects.

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Publication Date :: 06 Dec 2007
DOI :: 10.1787/eco_outlook-v2007-2-en

Chapter

Australia

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Authors:: OECD


Pages :: 106–108
DOI :: 10.1787/eco_outlook-v2007-2-12-en

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Output growth, which could reach 4¼ per cent in 2007, is expected to slow gradually to 3½ per cent in 2008 and 3% in 2009, a pace close to the potential growth rate. This slowdown, which will be accompanied by a further tightening of monetary policy to keep inflation in line with the Reserve Bank’s inflation target, should ease strains in the labour market.

Also available in: French