OECD Economic Outlook - What is the Economic Outlook for OECD Countries?: An Interim Assessment, Paris, 13th March 2007

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In this Subject: Economics

Source: OECD Economic Outlook, Volume 2006, Number 2, March 2007 , pp. 237-249(13)

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

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Abstract:

Global rebalancing is under way, as foreseen in the Economic Outlook published late last year. The US expansion has shifted into lower gear and the robustness of the recovery in Continental Europe has been confirmed. Meanwhile, growth in much of Asia is holding up well. Oil prices remain jittery but are much lower than half a year ago, contributing to easing inflationary pressures. Equity prices have been volatile in recent weeks, as was the case last Spring, but to some extent this may reflect a measure of normalisation in the pricing of risk. On the whole, financial conditions are still favourable...

Document Type: Review article

Publication date: 2007-03-01