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 :
142–144
DOI :
10.1787/eco_outlook-v2007-2-24-en

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After a moderate slowdown in 2007, reflecting a weakening of external demand, GDP growth is expected to accelerate in the course of 2008 and reach 4¼ per cent in 2009. The approval of the fiscal reform should boost business confidence, underpinning stronger (domestic and foreign) investment. Inflation, affected by the increases in international oil and food prices, may rise to above 4% during 2008, easing down thereafter, and approaching the inflation target by the end of 2009. The current account deficit is expected to widen gradually.
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