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2006 OECD Economic Outlook, Volume 2006 Issue 1

image of OECD Economic Outlook, Volume 2006 Issue 1
OECD's twice-yearly assessment of the major economic trends and policies in member countries and selected non-members. This issue covers the outlook to the end of 2007.  Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments. This issue also contains a special chapter on Future Budget Pressures Arising from Spending on Health and Long-Term Care.

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Austria

GDP growth is expected to reach 2.5% in 2006 before slowing slightly to 2.2% in 2007, with the main support stemming from a strengthening of exports. Higher employment growth will be accompanied by increasing labour force participation and continuing immigration inflows so that unemployment will nevertheless remain high by historical standards. The fiscal deficit will increase in 2006 reflecting the full impact of recent tax reforms and increases in spending. To achieve the planned deficit reduction in 2007, the envisaged public administration reform should be fully implemented.

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