OECD Economic Outlook, Volume 2007 Issue 2
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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
 
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Author(s):
OECD
Pages :
118–120
DOI :
10.1787/eco_outlook-v2007-2-16-en

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GDP growth has slowed, but the positive output gap remains large with labour and capacity shortages evident. The inflow of workers from abroad has allowed employment to rise strongly. Nevertheless, wage growth is now gaining momentum, and loss of competitiveness is expected to weigh down on growth in the coming years.
Also available in: French