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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | Growth is expected to be 4¾ per cent in 2005, with an exceptionally large contribution from net exports. For 2006 and 2007 the trade component will fall while domestic demand is expected to strengthen and GDP growth is projected to be 4½ per cent. This will bring inflationary pressure and a slight tightening of monetary policy. Though growth performance has strengthened since the early years of the decade, better progress in improving the business environment and labour-market efficiency would help reduce downside risks. In fiscal policy, even though there are good prospects of fulfilling the Maastricht criteria, further reform to the financing and provision of public services is needed to reduce the risk of unsustainable public finances in the longer term. |
| Page Count | 6 |
| Starting Page | 77 |
| Ending Page | 78 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2006-01-19 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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