NDLI: Economic Developments, the Fiscal Stance and Prospects

Content Provider	OECD iLibrary
Organization	OECD
Abstract	Spain has not escaped the international economic slowdown since 2000 but has fared better than most countries. Output growth for 2002 reached 2 per cent, which means that the positive growth differential with the euro area remained at 1¼ percentage points, its average level since 1996. This strong growth performance, which is similar to that of the United States since the mid-1990s (Figure 1), is due mainly to strong job creation which has boosted domestic demand, especially private consumption and residential investment. However, robust growth of employment did not prevent a cyclical rise in the unemployment rate to 11½ per cent in late 2002, the first increase since 1994, which is also due to the low sensitivity of the labour force to economic conditions and the steep rise in immigration. Despite an easing of labour market pressures and a slightly negative output gap, inflation has not slowed, partly because of exceptional factors such as the changeover to the euro. In February 2003, consumer prices were 3¾ per cent higher than a year earlier. The inflation differential with the euro area of about 1¼ percentage points since 1999 tends to erode the economy’s international competitiveness.
Page Count	61
Starting Page	21
Ending Page	50
Language	English
Publisher	OECD Publishing
Publisher Date	2003-04-03
Access Restriction	Open
Subject Keyword	Economics
Content Type	Text
Resource Type	Chapter

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Economic Developments, the Fiscal Stance and Prospects