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.

English Also available in: German, French

General Assessment of the Macroeconomic Situation

Against a backdrop of continued global buoyancy, the ongoing expansion of the OECD economy is entering its fifth year. Notwithstanding headwinds from high and volatile energy prices, it is projected to continue and even broaden this year and next, helped by supportive financial market conditions in a context of contained inflation. The US economy should decelerate marginally, with growth settling around its potential rate. In Europe, where the cycle has been lagging, the pace of activity is expected to gradually pick up. China is expanding rapidly and Japan’s economy, which has now fully recovered, remains vigorous.

English Also available in: German, French

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