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2007 OECD Economic Outlook, Volume 2007 Issue 1

image of OECD Economic Outlook, Volume 2007 Issue 1
This issue of OECD's twice-yearly OECD Economic Outlook provides analysis of recent economic developments and economic projections for OECD and major non-OECD countries through the end of 2008. Its comprehensive statistical annex is a useful reference tool for international economic comparisons. Two special reports are included: one covers the effects of globalisation and how to maximise its benefits and minimise its adjustment costs. The second covers fiscal consolidation.

English French, German

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Japan

The longest expansion in the post-war history of Japan remains on track, led by buoyant corporate activity, although stagnant wages have limited the positive impact on the household sector thus far. The further tightening of the labour market is projected to boost wage gains during 2007-08, leading to faster growth in private consumption and pushing inflation into positive territory.

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