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2008 OECD Economic Outlook, Volume 2008 Issue 1

image of OECD Economic Outlook, Volume 2008 Issue 1
This June 2008 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. The special chapter examines the implications of supply-side uncertainties for economic policy.

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Finland

Output grew briskly in 2007 although there was a notable deceleration in the second half of the year. The pace of activity is expected to moderate further over 2008 on the back of weakening world demand and lower confidence domestically. The recently completed round of wage negotiations has resulted in large wage increases which, coupled with higher import prices, are feeding through to a significant pick-up in inflation.

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