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

Russian Federation

Real activity rose in 2007, but should moderate over the projection period as oil and metals prices stabilise around their current high levels. Domestic demand will continue to advance strongly, but net exports will exert a growing drag as imports surge while energy export volume growth is held back by supply constraints. Inflation is rising, propelled by steep rises in food prices, and validated by the central bank’s unsterilised intervention to manage the exchange rate, which has yielded very rapid money supply growth.

English Also available in: French



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