Introduction
I. The recession and expected recovery 
-Overview 
-Declining capacity utilisation
-Downward adjustment of domestic demand
-Sharply rising unemployment
-Persistent inflationary pressures
-Narrowing external deficit
-Recessions compared
-Short-term prospects
II. Economic policies
-The strategy
-Tight monetary conditions
-Fiscal consolidation
-Structural policies and the medium-term outlook
III. Labour market performance and policy
-Labour-market performance: an international comparison
-Determinants of the "natural" rate of unemployment
-Labour-market policies
IV. Conclusions
Notes and references 
Bibliography 
Annexes
-I. Labour-market performance and policy: additional information
-II. Chronology of main economic events
Statistical and structural annexes