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


The broad-based expansion is expected to continue, with GDP growth around 4% in both 2006 and 2007 and employment in the formal sector expanding. Inflation is set to be on target and the current account deficit should remain close to 1% of GDP. In the context of uncertainty related to the 2006 elections, the government’s prudent macroeconomic policy has reduced the economy’s vulnerability to shocks. Faster growth of living standards requires a tax reform to finance development needs on a stable and predictable basis, while reducing distortions. Measures are also needed to improve the education system and the functioning of the labour market and to increase competition.

English Also available in: German, French

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