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

Slovak Republic

Economic growth is expected to remain strong, reaching more than 6% per year in 2006 and 2007, with some shifting of the stimulus from domestic to external demand. While strong growth is projected to generate employment gains, unemployment is likely to remain relatively high. Further tightening of monetary policy is likely be necessary to ensure that the inflation target is met in 2007, while further labour market reforms would improve the capacity of the economy to generate more employment without raising inflation. Greater fiscal consolidation would help damping inflation while reducing the risk of deteriorating competitiveness.

English Also available in: German, French

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