search query: @journal_id 572 / total: 79
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| Author: | |
| Title: | Developments in individual OECD coutries |
| Journal: | OECD Economic Outlook
1997 : JUN, 61, p. 43-116 |
| Index terms: | MACROECONOMICS OECD ECONOMIC INDICATORS |
| Language: | eng |
| Abstract: | Output continues to grow at above-potential rates in spite of widespread and long-standing expectations of eventual slowing. Underpinning activity has been a renewed round of business capital spending increases. Supply has proved surprisingly resilient in the face of demand pressures. The outlook is for real GDP growth to ease to around 2 percent per year, as the appreciation of the dollar and rising short- and long-term interest rates bear down on demand, reducing inflationary pressures. The current account deficit may continue to widen somewhat in relation of GDP until the US relative cyclical position reverses. |
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