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The onset of recession amid tumbling inflation and continued financial market turmoil is posing considerable challenges for macroeconomic policy and ECB financial market operations.
The economic downturn and the financial turmoil are intensifying fiscal pressures. In the longer-term, progress towards fiscal sustainability and improving the quality of the public finances remain priorities.
Financial integration and development raise the likelihood of cross-border financial contagion. Further improvements are needed to European regulatory and supervisory frameworks to ensure financial stability.
Updated continuously. Includes population and employment in persons (national concept), employment in persons by industry (domestic concept) and employment in full-time equivalents by industry (domestic concept) from 1970 to latest available. Source: OECD Annual National Accounts Database .
Notes to statistical annex tables 38-54, Sources and Methods of the OECD Economic Outlook.
The OECD projections are conditional on a set of technical assumptions, which comprises: unchanged exchange rates, as of a given date; unchanged fiscal and monetary policies; and a projected path of oil and non-oil commodity prices.
Bibliography of the Sources & Methods of the OECD Economic Outlook.
Notes to statistical annex tables 55-63, Sources and Methods of the OECD Economic Outlook.
The US economy is facing a serious financial crisis and is in recession. Measures are being taken to combat the financial crisis and support the economy. Reforms are needed to strengthen financial market regulation and extend health insurance coverage.
English, , 463kb
Special chapter from Economic Outlook No. 84, November 2008.