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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Mainland Norway is enjoying one of its longest periods of above potential growth. The pace of real GDP growth reached 4½ per cent in 2006. It is projected to slow to a still robust 4% in 2007 and then to 2½ per cent in 2008, as household demand and investment moderate under the impact of an assumed tightening of monetary conditions.

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