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2006 OECD Economic Outlook, Volume 2006 Issue 2

image of OECD Economic Outlook, Volume 2006 Issue 2

Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. The present issue covers the outlook to end-2008. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.

In addition to the themes featured regularly, this issue contains a special chapter entitled Has the rise in debt made households more vulnerable?, which addresses the following questions:

  • What factors explain the observed rise in household debt in many OECD countries?
  • Have asset price movements offset the impact on households’ financial positions?
  • Are some sectors or groups particularly vulnerable to adverse asset market or income developments?

English French, German

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Norway

Mainland Norway is booming. Real GDP growth is projected to have reached 3¾ per cent in 2006, and to moderate slightly in 2007 and 2008 reflecting the completion of major oil investment projects, reduced monetary stimulus and slowing household demand. Although the output gap has become increasingly positive, underlying inflation has remained relatively low and below the Norges Bank target.

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