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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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Sweden

Economic growth in Sweden remains dynamic with domestic demand increasingly complementing net exports. With growth accelerating in 2006 to close to 4%, the output gap turns positive. At the same time, inflation remains very low despite the cyclical upswing, partly reflecting productivity gains but probably also factors related to global competition. Fiscal policy will add stimulus to an already vibrant economy in 2006. An expansionary monetary policy is fuelling the boom in investment and is also driving increases in property prices. Over the projection period, the central bank should increase policy rates to at least neutral levels and the fiscal stimulus should be withdrawn.

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