Australia

OECD

doi:https://doi.org/10.1787/eco_outlook-v2008-2-12-en

2008 OECD Economic Outlook, Volume 2008 Issue 2

image of OECD Economic Outlook, Volume 2008 Issue 2

This December 2008 edition of the OECD Economic Outlook presents OECD's first set of economic analysis and projections since the financial crisis began. As always, it includes and overall assessment as well as individual country assessments for OECD and major non-OECD economies, and an extensive statistical annex. This edition's special feature covers responses to inflation shocks.

English Also available in: French, German

Related Content:
- Economic Policy Reforms 2008
- Economic Policy Reforms 2009

https://doi.org/10.1787/eco_outlook-v2008-2-en

Chapter

Australia

GDP growth could well weaken from 2½ per cent in 2008 to around 1¾ per cent in 2009 before picking up to 2¾ per cent in 2010. This would still imply that, despite the depressed international environment, the impact of the financial crisis and the fall in the terms of trade should be relatively contained. Unemployment is likely to increase, however, and inflation may dip below 3% in 2010.

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English Also available in: French