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| Tekijä: | |
| Otsikko: | OECD economic outlook and policies: General assessment of the macroeconomic situation |
| Lehti: | OECD Economic Outlook
1997 : JUN, 61, p. 1-41 |
| Asiasana: | OECD MACROECONOMICS GROWTH EMPLOYMENT INFLATION ECONOMIC INDICATORS |
| Kieli: | eng |
| Tiivistelmä: | General assessment of the macro-economic situation. Growth in the OECD area is projected to reach 3 percent in 1997, the highest rate since 1989, and to decline only slightly in 1998. The underlying strength of the expansion is variable, however, with some countries showing robust growth while, in others, the pace is more hesitant. Employment should also continue growing, but unemployment will remain high in many countries. The inflation outlook remains good, and no significant inflation pressures are foreseen in most countries. Trade should increase rapidly , while some current account imbalances may widen. Fiscal consolidation is on the agenda everywhere. Finally, improving labour market performance by re-inforcing incentives to work and to create jobs remains an urgent priority in many countries. |
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