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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Publication Date :
04 June 2008
DOI :
10.1787/eco_outlook-v2008-1-en
 
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Author(s):
OECD
Pages :
186–188
DOI :
10.1787/eco_outlook-v2008-1-33-en

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Economic growth is expected to slow to 2% in 2008 and 1½ per cent in 2009, largely on account of the effects of the financial turmoil. Job creation is likely to ease and unemployment to rise somewhat. Inflation is projected to fall as oil price effects subside. The budget surplus could shrink and may reach balance in 2009.
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