OECD Economic Outlook, Volume 2005 Issue 1

Presents OECD's assessment of the economic outlook to the end of 2006 for the OECD area and China, Brazil, and the Russian Federation. It finds that Japan and the US have rebounded but that Europe is lacking in sustained momentum, and it carefully examines why. This issue of the OECD Economic Outlook also includes several medium-term scenarios projecting to 2010. The special chapter covers measuring and assessing underlying inflation.
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What is the Economic Outlook for OECD Countries?
An Interim Assessment
Soaring energy prices have hit the US, Europe and Japan at different stages in their business cycles. The US where economic growth has been broader-based and Japan, may be better placed to resist this shock than in the Euro area and in the UK where household consumption has weakened recently....
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