Source: OECD Economic Outlook, Volume 2006, Number 2, March 2007 , pp. i-241(242)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. The present issue covers the outlook to end-2008. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.

In addition to the themes featured regularly, this issue contains a special chapter entitled Has the rise in debt made households more vulnerable?, which addresses the following questions:

What factors explain the observed rise in household debt in many OECD countries?

Have asset price movements offset the impact on households' financial positions?

Are some sectors or groups particularly vulnerable to adverse asset market or income developments?

Editorial: Smooth Rebalancing?I. General Assessment of the Macroeconomic Situation-Overview-Forces Acting and Risks-Steady Growth Ahead-Challenges for Macroeconomic Policy-Annex I.1: Gauging Liquidity Abundance-Annex I.2: The OECD Synthetic Indicator of Risk Premiums-Annex I.3. Have Real House Prices Peaked? A Probit ApproachII. Developments in Individual OECD Countries and Brazil, China, India and the Russian FederationIII. Has the Rise in Debt Made Households More Vulnerable?-Introduction and Summary-The Debt Run-Ups: Broad Trends and some Underlying Causes-Macroeconomic Measures of Vulnerability-Evidence from Micro Data-Statistical AnnexSpecial Chapter in Recent Issues of the Economic OutlookStatistical Annex-Real GDP-Nominal GDP-Real Private Consumption Expenditure-Real Public Consumption Expenditure-Real Total Gross Fixed Capital Formation-Real Gross Private Non-Residential Fixed Capital Formation-Real Gross Private Residential Fixed Capital Formation-Real Total Gross Demand-Foreign Balance Contributions to Changes in Real GDP-Compensation per Employee in the Private Sector-Labour Productivity for the Total Economy-Unemployment Rates: Commonly Used Definitions-Standardised Unemployment Rates-Labour Force, Employment and Unemployment-GDP Deflators-Private Consumption Deflators-Consumer Price Indices-Oil and Other Primary Commodity Markets-Employment Rates, Participation Rates and Labour Force-Potential GDP, Employment and Capital Stock-Structural Unemployment and Unit Labour Costs-Household Savings Rates-Gross National Savings-General Government Total Outlays-General Government Total Tax and Non-Tax Receipts-General Government Financial Balances-Cyclically Adjusted General Government Balances-General Government Primary Balances-Cyclically Adjusted General Government Primary Balances-General Government Net Debt Interest Payments-General Government Gross Financial Liabilities-General Government Net Financial Liabilities-Short-Term Interest Rates-Long-Term Interest Rates-Export Volumes of Goods and Services-Import Volumes of Goods and Services-Export Prices of Goods and Services-Import Prices of Goods and Services-Competitive Positions: Relative Consumer Prices-Competitive Positions: Relative Unit Labour Costs-Export Performance for Total Goods and Services-Shares in World Exports and Imports-Geographical Structure of World Trade Growth-Trade Balances for Goods and Services-Investment Income, Net-Total Transfers, Net-Current Account Balances-Current Accounts Balances as a % of GDP-Structure of Current Accounts Balances of Major World Regions-Export Market Growth in Goods and Services-Import Penetration-Quarterly Demand and Output Projections-Quarterly Price, Cost and Unemployment Projections-Contributions to Changes in Real GDP in OECD Economies-Household Wealth and Indebtedness-Central Government Financial Balances-Maastricht Definition of General Government Gross Public Debt-Monetary and Credit Aggregates: Recent Trends

Document Type: Review article

Publication date: 2007-03-01

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