Source: OECD Economic Outlook, Volume 2007, Number 1, June 2007 , pp. i-307(308)

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

Abstract:

This 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. Two special reports are included: one covers the effects of globalisation and how to maximize its benefits and minimize its adjustment costs. The second covers fiscal consolidation.

Editorial: Achieving Further RebalancingChapter 1. General Assessment of the Economic Situation-Overview-An Increasingly Synchoronised Expansion-Forces Acting and Risks-Solid Growth Ahead-Challenges for Macroeconomic Policy-Appendix 1.A1. Policy Options to Adddress Future Public Spending Pressures-Appendix 1.A2. The Medium-Term Reference ScenarioChapter 2. Developments in Individual OECD Countries and Selected Non-OECD Countries-United States-Japan-Euro Area-Germany-France-Italy-United Kingdom-Canada-Australia-Austria-Belgium-Czech Republic-Denmark-Finland-Greece-Hungary-Iceland-Ireland-Korea-Luxembourg-Mexico-Netherlands-New Zealand-Norway-Poland-Portugal-Slovak Republic-Spain-Sweden-Switzerland-Turkey-Brazil-China-India-Russian FederationChapter 3. Making the Most of Globalisation-Drivers of Globalisation-Effects on Material Living Standards-Effects on Labour Markets-Effects on Inflation and Capital Flows-Implications for Macroeconomic Policies-Globalisation and Progress in Structural ReformChapter 4. Fiscal Consoldiation: Lessons from Past Experience-Introduction and Main Results-Stylised Features of Fiscal Consolidation Episodes-Identifying Factors that Support Fiscal Consolidation-Experience Regarding the Design and Implementation of Fiscal Rules-Appendix 4.A1. Definition of the Main VariablesSpecial Chapters in Recent Issues of the OECD Economic OutlookStatistical Annex-Demand and Output--1. Real GDP--2. Nominal GDP--3. Real Private Consumption Expenditure--4. FReal Public Consumption Expenditure--5. Real Total Gross Fixed Capital Formation--6. Real Gross Private Non-Residential Fixed Capital Formation--7. Real Gross Private Residential Fixed Capital Formation--8. Real Total Domestic Demand--9. Foreign Balance Contributions to Changes in Real GDP--10. Output Gaps-Wages, Costs, Unemployment and Inflation--11. Compensation per Employee in the Private Sector--12. Labour Productivity for the Total Economy--13. Unemployment Rates: Commonly Used Definitions--14. Standardised Unemployment Rates--15. Labour Force, Employment and Unemployment--16. GDP Deflators--17. Private Consumption Deflators--18 Consumer Price Indices--19. Oil and Other Primary Commodity Markets-Key Supply-Side Data--20. Employment Rates, Participation Rates, and Labour Force--21. Potential GDP, Employment and Capital Stock--22. Structural Unemployment and Unit Labour Costs-Saving--23. Household Saving Rates--24. Gross National Saving-Fiscal Balances and Public Indebtedness--25 General Government Total Outlays--26. General Government Total Tax and Non-Tax Receipts--27. General Government Financial Balances--28. Cyclically-Adjusted General Government Balances--29. General Government Primary Balances--30. Cyclically-Adjusted General Government Primary Balances--31. General Government Net Debt Interest Payments--32. General Government Gross Financial Liabilities--33. General Government Net Financial Liabilities-Interest Rates and Exchange Rates--34. Short-Term Interest Rates--35. Long-Term Interest Rates--36. Nominal Exchange Rates (against the US dollar)--37. Effective Exchange Rates-External Trade and Payments--38. Export Volumes of Goods and Services--39. Import Volumes of Goods and Services--40. Export Prices of Goods and Services--41. Import Prices of Goods and Services--42. Competitive Positions: Relative Consumer Prices--43. Competitive Positions: Relative Unit Labour Costs--44. Export Performance for Total Goods and Services--45. Shares in World Exports and Imports--46. Geographical Structure of World Trade Growth--47. Trade Balances for Goods and Services--48. Investment Income, net--49. Total Transfers, net--50. Current Account Balances--51. Current Account Balances as a % of GDP--52. Structure of Current Account Balances of Major World Regions--53. Export Market Growth in Goods and Services--54. Import Penetration-Other Background Data--55. Quarterly Demand and Output Projections--56. Quarterly Price, Cost, and Unemployment Projections--57. Contributions to Changes in Real GDP in OECD Countries--58. Household Wealth and Indebtedness--59. House Prices--60 House Price Ratios--61. Central Government Financial Balances--62. Maastricht Definition of General Government Gross Public Debt--63. Monetary and Credit Aggregates: Recent Trends

Document Type: Review article

Publication date: 2007-06-01

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