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.

English Also available in: French, German


After enjoying a strong expansion during the past two years, the Dutch economy softened in early 2008, reflecting tighter international financial conditions and slower world trade. Growth should remain moderate in the near term, followed by recovery in the course of 2009, bringing the pace of growth back above potential. Despite the softening of activity, the output gap should remain positive in the near term and widen thereafter. Labour shortages are likely to persist, partly reflecting population ageing, implying that core inflation is expected to edge up.

English Also available in: French



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