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| Author: | |
| Title: | OECD economic outlook and policies |
| Journal: | OECD Economic Outlook
1997 : DEC, 62, p. 1-59 |
| Index terms: | ECONOMIC INDICATORS OECD COUNTRY COMPARISONS MACROECONOMICS |
| Language: | eng |
| Abstract: | The OECD area growth is estimated to have reached 3 percent in 1997 and is projected to continue at that rate in 1998, before moderating to appr. 2.5 percent in 1999. This fairly buoyant picture is far from homogeneous across the area. Rapid expansions in the North America and the United Kingdom seem likely to moderate sufficiently to avoid overheating. The recovery of activity in continental Europe should strengthen by enough to allow some progress in reducing unemployment, although it will remain above 10 percent in the European Union (EU). In Japan, recovery faltered seriously in 1997, even before financial turbulence emerged in Southeast Asia during the middle of the year. Inflation will continue to be subdued nearly everywhere. In the article, there are also e.g. term specific issues dealt with. |
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