OECD Economic Outlook, Volume 2008 Issue 1
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OECD Economic Outlook, Volume 2008 Issue 1

This June 2008 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. The special chapter examines the implications of supply-side uncertainties for economic policy.
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Author(s):
OECD

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The economy is projected to remain sluggish through most of 2008, before regaining some speed next year. As a result, the output gap will widen in the near term and employment prospects will weaken. Headline inflation should come down as the effects of recent energy and food price increases dissipate. On the other hand, core inflation will increase as a result of the automatic indexation of wages.
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