Table des matières

Introduction
I. Developments since the trough of the cycle
-Selected features of the upswing
--a) Hesitant business investment propensity
--b) Satisfactory price and cost performance
--c) Continuing slack in the labour market
--d) The balance of payments
II. Medium-term labour market trends and problems
-Supply of labour
-Demand for labour
-Policy options
--a) Reduction of labour supply
--b) Increase in labour demand 
---i) Promotion of output
---ii) Moderation of real wage increases
---iii) Labour-intensive versus capital-intensive output
III. Economic policies
-Monetary policy, money and credit
-Fiscal policy and budgetary developments
IV. Short-term prospects
-The international environment and export prospects
-The impact of economic policies
-Household income and private consumption
-Private investment
-Real foreign balance, employment and prices
-The current external balance
V. Conclusions
Annexes
-I. The demand for labour and capital - A medium term analysis
II. Chronology of main economic policy measures
Statistical Annex