2004 OECD Economic Outlook, Volume 2004 Issue 1

image of OECD Economic Outlook, Volume 2004 Issue 1

OECD's June 2004 assessment of economic developments and prospects.  In addition to the regular economic assessments and statistical information, this issue includes articles examining whether housing and mortgage market arrangements explain different degrees of economic resilience shown by OECD economies, through what mechanisms the US external deficit could adjust, to what extent stock market gyrations and one-off measures distort traditional measures of the fiscal stance, and how structural reform could enhance income convergence in Central European countries.

English Also available in: French, German

Towards a Shared Recovery

With the slump of business investment now well over, the world economy is experiencing a strong and sustainable recovery. Asia remains buoyant, with China close to overheating and Japan enjoying a much stronger and broader recovery than expected. In the United States, the economy has already been growing well above potential and other English-speaking countries, which took part only marginally in the past slowdown, are cruising ahead...

English Also available in: French

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