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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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Korea

After a slowdown in 2008, reflecting weaker external demand and soaring oil prices, output growth is projected to increase to 5% in 2009, thanks to a pick-up in both exports and domestic demand. While rising import prices have pushed inflation above the central bank’s target zone, slower growth in 2008 is likely to damp inflationary pressures.

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