Policy Brief: Economic Survey of Korea, 2007

Korea remains one of the fastest growing economies in the OECD area. Strength in high-technology sectors and strong demand from China have supported export growth over the past four years despite sluggish domestic demand. This growth pattern has exacerbated imbalances between the manufacturing and service sectors and between large and small firms, thus increasing income inequality and aggravating structural weaknesses. These problems,

Also Available

Policy Brief: Economic Survey of Korea, 2007 - Korean version

Korea remains one of the fastest growing economies in the OECD area. Strength in high-technology sectors and strong demand from China have supported export growth over the past four years despite sluggish domestic demand. This growth pattern has exacerbated imbalances between the manufacturing and service sectors and between large and small firms, thus increasing income inequality and aggravating structural weaknesses. These problems,

Also Available

Policy Brief: Economic Survey of Italy, 2007

A welcome economic recovery is under way in Italy. In part, this reflects the cyclical upswing in the rest of Europe, but there are also early signs of a more fundamental improvement, notably in terms of export and labour market performance. Even so, medium-term prospects remain challenging: Total factor productivity shows little signs of resurgence, high public indebtedness threatens fiscal sustainability and population ageing looms

Policy Brief: Economic Survey of Greece, 2007

Growth performance over the last decade has been among the best in the OECD, though a precise calibration is not yet possible following the recent revisions to GDP data. High growth has been driven by a range of factors, some of which are transitory. It is particularly encouraging that growth has been sustained over the last two years, despite substantial fiscal consolidation, mainly being driven by investment and exports. However,

Policy Brief: Economic Survey of the United States, 2007

Despite a sharp housing market correction, overall growth has been holding up fairly well. Strong foreign demand and a decline in import growth have slowed the rise in the external deficit. With activity near capacity limits, some inflationary pressures have emerged. Reining them in without stifling growth is the main challenge for monetary policy. Looking further ahead, the key challenges are to sustain healthy growth and ensure

OECD Economic Outlook No. 80 Special Chapter: Has the rise in debt made household more vulnerable?

This chapter begins by reviewing, for a number of OECD economies, macro-economic developments in household balance sheets and incomes over the past two decades. It then examines micro-level information to provide a more recent cross-sectional snapshot of the household sector.

OECD Economic Outlook No. 81 Special Chapter: Fiscal consolidation: lessons from past experiences

Fiscal consolidation is required in most OECD countries. This chapter presents evidence on the factors that in the past were associated with successful consolidation and with the preservation of those gains.

OECD Economic Outlook No. 81 Special Chapter: Making the most of globalisation

This chapter provides a synthesis of the work undertaken by the Economics Department on the economic effects of globalisation, while also draws on other OECD and non-OECD research.

Economic Survey of Hungary, 2007 - Summary in Hungarian

A politika jelenleg a költségvetési konszolidáció körül forog Magyarországon. A Kormány 4 évre szóló ambiciózus konszolidációs programba kezdett azt követően, hogy a 2006-os választási évben ismételten csúcsra jutott az államháztartás hiánya (a GDP 9,2 %-a). Az azonnali bevételnövelő és kiadáscsökkentő intézkedések időlegesen visszafogják a növekedést. Mindazonáltal, ha minden a tervek szerint alakul, a kormányprogram - hosszabb távon

Also Available

Economic survey of Hungary 2007

The main economic challenge is ensuring implementation of the ambitious fiscal consolidation programme through budgetary discipline and structural reform in central and local government. Challenges also remain in raising the low employment rate.