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2004 OECD Economic Outlook, Volume 2004 Issue 2

image of OECD Economic Outlook, Volume 2004 Issue 2

OECD's December 2004 assessment of economic developments and prospects.  In addition to the regular economic assessments and statistical information, this issue includes articles examining oil price developments and savings behaviour and the effectiveness of fiscal policy.

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Luxembourg

Export-led growth has resulted in a brisk economic upswing with GDP growth rates expected to exceed 4 per cent in 2004 and the following two years. The trend rise in unemployment is likely to come to an end as of early 2005. The government should take advantage of the economic upturn both to revise its spending programmes in line with more moderate medium-term growth prospects and to tackle structural unemployment. ...

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