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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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Spain

Real GDP growth slowed significantly in the first quarter of 2008 and is expected to remain sluggish over the next 18 months, as the effects of the deteriorating housing market feed into domestic demand. After edging up in 2008, inflation should decline as a negative output gap opens up.

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