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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

Japan

Although output growth is slowing somewhat, wage gains and a rebound in housing investment should help sustain the expansion in 2008, and growth is projected to pick up during 2009. While headline inflation has risen to about 1% as a result of soaring import prices, underlying inflation is around zero and is expected to pick up only slowly.

English Also available in: French

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