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2008 OECD Economic Outlook, Volume 2008 Issue 1

image of 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.

English Also available in: French, German

Italy

Economic activity seems to have stalled since the first half of 2007. The weakening external environment and knock-on effects from tighter credit conditions will constrain growth to below its potential rate of around 1¼ per cent this year, while unemployment may rise again. The recent surge in consumer price inflation should fade towards the end of 2008.

English Also available in: French

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