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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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France

After picking up in the first quarter, activity is thought to be softening already in the second quarter and is projected to remain weak in the rest of 2008 and early 2009. The slowdown should help limit further increases in wages and prices, in the face of recent food and energy shocks. The shortfall in the general government financial balance may widen in 2008, before stabilising in 2009.

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