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.

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The slowdown in the pace of economic activity during 2006 is likely to be gradually reversed in 2007, boosting output growth from around 4¼ per cent in 2007 to 4¾ per cent in 2008. Buoyant demand from other Asian countries is sustaining export growth at a double-digit rate, despite the marked appreciation of the won, which has helped keep inflation below the Bank of Korea’s target zone.

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